The Cost of Banking Crises: Does the Policy Framework Matter?
This paper empirically investigates how the stringency of macroeconomic policy frameworks impacts the unconditional cost of banking crises. We consider monetary, fiscal and exchange rate policies.
The Marxian utopia of communist society / Original Title: L’utopie marxienne de la société communiste
The risk of organizational populism / Original Title: Le risque du populisme organisationnel
Central bank credibility and the expectations channel: evidence based on a new credibility index
This article investigates the relationship between central bank credibility and the volatility of the key monetary policy instrument. First, we propose a time-varying measure of central bank credibility based on the gap between inflation expectations and the official inflation target.
How Consultants Can Shape Project Outcomes Before Things Get Started: The Role of Fit Between Price-Based Positioning and Contextual Factors for Project Performance
Do Spot Prices Predict Futures Prices?
This article examines issues of linear and non-linear causality between energy (oil) prices and agricultural commodities spot and futures prices.