Economists not only failed to anticipate the financial crisis; they may have contributed to it—
with risk and derivatives models that, through spurious precision and untested theoretical …

Over the past 15 years there has been remarkable progress in the specification and
estimation of dynamic stochastic general equilibrium (DSGE) models. Central banks in …

This valuable text provides a comprehensive introduction to VAR modelling and how it can
be applied. In particular, the author focuses on the properties of the Cointegrated VAR …

We find new empirical regularities in the business cycle in a cross-country panel of 22
OECD countries for the period 1972 to 2007; entrepreneurship Granger-causes the cycles of …

How should environmental policy respond to economic fluctuations caused by persistent
productivity shocks? This paper answers that question using a dynamic stochastic general …

The economics profession appears to have been unaware of the long build-up to the current
worldwide financial crisis and to have significantly underestimated its dimensions once it …

To many young economists who are unfamiliar with the history of macro, the thought of
doing macro without representative agent micro foundations is almost heretical. How can …

We comprehensively analyse the long‐run effect of foreign aid (ODA) on key
macroeconomic variables in 36 sub‐Saharan African countries from the mid‐1960s to 2007 …

Bitcoin as a major cryptocurrency has come up as a shooting star of the 2017 and 2018
headlines. After exploding its price twenty times just in the twelve months of 2017, the tone …

This paper replicates the study of Zhang et al.(2010):“Food versus fuel: What do prices tell
us?” Energy Policy 38, pp. 445-451. We confirm the findings of the original paper that there …