We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...

Preface -- Nonlinear modelling of the relation between financial markets and economic growth in the EU / Lucian-Liviu Albu, Radu Lupu, Adrian Cantemir Calin, Institute for Economic Forecasting, Romanian Academy, Romania -- The eastern and central European financial market reaction to...

Abstract -- Introduction -- Literature Review and Research Framework -- Effectiveness Study of Chinese Monetary Policy Regulation on Economic Growth and Inflation -- Appropriateness Study of Monetary Policy Regulation on Real Estate Price -- Appropriateness Study of Monetary Policy Regulation on...