Purpose: This paper presents an integrated overview of the empirical literature on the impact of all forms of unconventional monetary policy on macroeconomic variables and on markets. Design/methodology/approach: This survey covers the findings concerning portfolio rebalancing, signaling,...

Purpose: This study examines the forecasting performance of the professional analysts participating in the Blue Chip Economic Indicators Survey using an alternative methodological research design. Design/methodology/approach: This work employs two methodologies, namely a panel specification,...

Purpose The purpose of this paper is to investigate, both theoretically and empirically, the institutional setting of monetary policy making that mitigates the effects of productive public investment on inflation persistence. Design/methodology/approach In the theoretical approach, the authors...

Purpose – The purpose of this paper is to investigate the relationship between growth, investment and military expenditure in the case of the European Union-15. Design/methodology/approach – The paper uses fixed panel models, random coefficient models and a trivariate VAR model to examine...

Purpose – The purpose of this paper is to investigate the revenue-expenditure nexus in the case of the 15 members of the European Union. Design/methodology/approach – The paper uses a VECM framework to determine the causal ordering between these two macroeconomic aggregates. Findings – The...

Purpose – The purpose of this paper is to investigate the relationship between growth, investment and military expenditure in the case of the European Union‐15. Design/methodology/approach – The paper uses fixed panel models, random coefficient models and a trivariate VAR model to examine...

Purpose – The purpose of this paper is to investigate the revenue‐expenditure nexus in the case of the 15 members of the European Union. Design/methodology/approach – The paper uses a VECM framework to determine the causal ordering between these two macroeconomic aggregates. Findings –...