The post 2007-08 crisis US stabilization policy had considerable impacts in eliminating the deflationary pressures and credit crunch that persisted in the then US economy when the conventional monetary policy resulted in a zero lower bound. The quantitative easing (QE) program of the Fed had...

The Law of Proportionate Effect depicts that firm's growth rate is independent of its size; Gibrat (1931). Some of the existing studies support the law: Hymer and Pashigian (1962), Mansfield (1962), among others. However, Gale (1972), Shepherd (1972) and recently Punnose (2008) report a positive...