This paper first reviews the potential causality from biomass energy to CO 2 emissions and
economic development within relevant literature. Later, the paper examines statistically the …

Exchange-traded funds (ETFs) belong to the fastest growing investment products worldwide.
Within 15 years, total assets invested in ETFs have twenty-folded, reaching over $3.7 trillion …

I had some input into the creation of this product (which by the way is a product of pure
intellectual masturbation, the type of thing which you invent telling yourself 'Well, what if we …

While the degree of policy inertia in central banks' reaction functions is a central ingredient
in theoretical and empirical monetary economics, the source of the observed policy inertia in …

There has been, in recent years, a renewed interest in and a growing recognition of the role
played by uncertainty shocks in driving fluctuations in the economy and in asset markets. We …

This paper examines the Taylor rule in five emerging economies, namely Indonesia, Israel,
South Korea, Thailand, and Turkey. In particular, it investigates whether monetary policy in …

As the debates about the recent global recession and the subsequent recovery have clearly
shown, our understanding of these questions has been very limited. This comprehensive …

This paper quantifies the finance uncertainty multiplier (ie, the magnifying effect of the real
impact of uncertainty shocks due to credit frictions) by relying on two historical events related …

The mortgage meltdown: what went wrong and how do we fix it? Owning a home can
bestow a sense of security and independence. But today, in a cruel twist, many Americans …

We propose a tractable framework for quantifying the impact of loss‐triggered fire sales on
portfolio risk, in a multi‐asset setting. We derive analytical expressions for the impact of fire …