augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the … higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …

historical relationship with Treasury yields, leading to significantly and persistently easier mortgage credit conditions. We … credit became relatively cheaper. …

This paper identifies factors associated with takeoff - a sustained period of high growth following a period of …. Countries that experience takeoffs average 2.3% annual growth following their stagnation episodes, while those that do not … average 0% growth; 46% of the takeoffs are sustained," i.e. lasting 8 years or longer. Using probit estimation, we find that …

We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a …

Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be … rainfall deficiency will act as a drag on the overall growth of the economy. In the current financial year, the major policy …

The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner … effectiveness of tackling the crisis with the different part of public budget. It also allows us to understand ways of increasing … growth, deflation, and weak public finances. …

banking sector environment, as well as the institutional and regulatory environment, on credit constrained firms. We find that … small and foreign-owned firms are less likely to demand credit compared to audited and innovative firms. On the other hand …, small, medium, publicly listed, sole proprietorship and foreign-owned firms had a higher probability of being credit …

The purpose of this paper is to assess whether the banking system, over and beyond its credit function, has a …, our regressions confidently support the hypothesis that banks contribute to economic development not only as credit … suppliers but also by facilitating transactions. Specifically, along with the ratio of private credit to GDP, the ratio of …