The volatility of US business cycle has declined during the last two decades. During the same period the financial structure of firms has become more volatile.
The deregulation of domestic financial markets and the capital account in developing countries has frequently been associated with financial turmoil and macro v
Countries with more developed financial sectors, experience fewer fluctuations in real per capita output, consumption, and investment growth. But the manner in
SOMMARIO: G. Goisis - P. Parravicini, Introduction – 1. M. Bagella - R. Ciciretti, Financial markets and the post-crisis scenario – 2. G. Goisis, Micro and
It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investiga