Journal of Financial Economic Policy: Volume 6 Issue 4

The response of macroeconomic aggregates to monetary policy shocks in Pakistan

Abdul Rashid, Zainab Jehan

This paper aims to empirically examine how shocks to monetary policy measures (the short-term nominal interest rate and broad money supply) affect macroeconomic aggregates…

Market vs. administered Federal Reserve policy rates

David Walker

The purpose of this study is to contrast the discount and the Fed funds rates since 1990 and the variables that influence these rates. On the basis of quarterly data, since 1990…

Stock markets and the costs of banking crises

Tess DeLean, Joseph P. Joyce

This paper aims to investigate whether stock markets can reduce the output costs of banking crises. The work is motivated by Alan Greenspan’s claim that capital markets serve as a…

Trade Openness, Financial Development Index and Economic Growth: Evidence from India (1971-2012)

Dogga Satyanarayana Murthy, Suresh Kumar Patra, Amaresh Samantaraya

The purpose of this article is to examine the inter-relationship and direction of causality among three macroeconomic variables such as trade liberalization, financial development…

Derivative financial instruments, tax aggressiveness and firm market value

Tao Zeng

– The purpose of this study is to examine the relationship of using derivative financial instruments, tax aggressiveness and firm market value.