...Su Zhou Purpose This paper aims to examine two hypotheses that have not been well investigated in the existing literature. One hypothesis is that the real interest rates of industrial countries tend to be mean‐reverting during the current floating exchange rate period. Another hypothesis...

...Horst Feldmann Purpose This paper aims to analyze how financial system turmoil affected unemployment in industrial countries during the period 1982 to 2003. Design/methodology/approach The paper uses annual data on 17 industrial countries. It employs the International Monetary Fund's financial...

..., and central bank policy. We have extended the work of Elder (2004) by examining the effects of inflation uncertainty on real economic activity using data for four industrialized countries – the USA, UK, Canada, and Japan. In the context of a multivariate framework in which a structural VAR...

... Uncertainty management Cost benefit analysis Social economics Industrial countries In recent years, there has been a strong upsurge of interest in social discounting practices for the very long term. This upsurge has resulted in the development of new theoretical approaches following important...