In this paper, we propose an alternative methodology to determine the existence of credit booms, which is a complex and crucial issue for policymakers. In particular, we exploit the Mendoza and Terrones (2008)´s idea that macroeconomic aggregates other than the credit growth rate contain...

Purpose – Recent literature has been able to include into standard optimal growth models some hypotheses that allow for the generation of endogenous long‐run fluctuations. This paper aims to contribute to this endogenous business cycles literature by considering social interactions....

Purpose – The purpose of this paper is to appraise the transition from bank‐based systems to universal banking. Design/methodology/approach – The Wynne Godley and Francis Cripps macroeconomic framework is used to structure the argument. Findings – It is shown that the activity of...

Purpose – The purpose of this paper is to explore the relationship between changes in the business cycle (as indicated by the incidence and duration of unemployment) and the incidence of suicide. Design/methodology/approach – A theoretical utility model with savings and consumption is used,...