A body of work using the continuous wavelet transform has been growing. We provide a self‐
contained summary on its most relevant theoretical results, describe how such transforms …

This study reviews the literature on the contribution of low inflation to economic growth and
the subsequent widespread adoption of inflation targeting as a monetary policy framework …

We study the conditional distribution of GDP growth as a function of economic and financial
conditions. Deteriorating financial conditions are associated with an increase in the …

The intensification of ecological issues provokes to search for the appropriate mechanism
and resources to solve them without declining the economic growth. This requires moving …

Throughout history, rich and poor countries alike have been lending, borrowing, crashing,
and recovering their way through an extraordinary range of financial crises. Each time, the …

Connections among different assets, asset classes, portfolios, and the stocks of individual
institutions are critical in examining financial markets. Interest in financial markets implies …

We revisit the relation between stock market volatility and macroeconomic activity using a
new class of component models that distinguish short-run from long-run movements. We …

Monetary policy and the private sector behaviour of the US economy are modelled as a time
varying structural vector autoregression, where the sources of time variation are both the …

Countries that have pursued distortionary macroeconomic policies, including high inflation,
large budget deficits and misaligned exchange rates, appear to have suffered more …

The ideas of economists and political philosophers, both when they are right and when they
are wrong, are more powerful than is commonly understood. Indeed the world is ruled by …