Using disaggregated data for the United States, this paper explores the effects of the variability of fiscal and monetary policy shocks. Higher variability of government spending shocks around a steady-state growth trend results in, on average, a decline in aggregate demand growth and inflation,...

In 1991, the Central Bank of Egypt increased the minimum capital requirements for the banking industry vis-?vis risk-weighted assets to 8%, along the lines proposed by the Basel Committee on Banking Supervision. In this paper, we investigate the effects of capital regulations on cost of...