Purpose – This paper sets out to explore three areas in which the experience of the great depression might be relevant today: monetary policy, fiscal policy, and the systemic stability of banks. Design/methodology/approach – A critical review of the US data for the 1920s and 1930s is...

Purpose – The purpose of this paper is to construct a robust macroeconomic performance (MEP) index of the State economies of an emerging market economy, i.e. India. Design/methodology/approach – Two variants of data envelopment analysis (DEA) models – radial and non-radial – are proposed...

Purpose – Traditionally, remittances have been analyzed in the context of their socioeconomic impact on the receiving communities. Consequently, little is known about the macroeconomic factors that influence their behavior. This paper aims to evaluate the importance of several macroeconomic...

Open economy macroeconomic models generally overlook the effects of international migration and remittances on income and welfare. A two-country temporary equilibrium model is presented which incorporates trade theoretic elements of international migration and remittances. In the model, an...

The aim is to integrate the dynamics of asset accumulation for open economies with the conflict theory of wage and price formation. This synthesis allows us to assess the results obtained in the mainstream asset market models based on an atomistic view of the economy, analyse the influence of...

Purpose – The purpose of this paper is to survey literature on macroeconomic nonlinear dynamics. Design/methodology/approach – The paper identifies five influential types of models where the possible generation of endogenous cycles and chaotic motion arises. First, the frameworks that make...

Purpose – The aim of this paper is to investigate the impact of exogenous shocks of remittances on consumption, investment, imports and output in five Mediterranean countries. Design/methodology/approach – This paper builds a Keynesian type econometric model with a dynamic perspective and a...

Analyzes dynamic linkages between stock prices and four macroeconomic variables for the case of Malaysia using standard and well-accepted methods of cointegration and vector autoregression. Empirical results suggest the presence of a long-run relationship between these variables and the stock...

Presents a review of Money and Inflation – A New Macroeconomic Analysis (Sergio Rossi (with a Foreword by Mauro Baranzini and Alvaro Cencini) Edward Elgar Cheltenham, UK and Northampton, MA, USA 2001 li + 238 pp.)

Purpose – This paper aims at developing a theoretical model of a world economy characterized by tax evasion. It seeks to analyze whether financial repression can be explained by tax evasion. Design/methodology/approach – The analysis is performed in overlapping generations dynamic general...