We suggest a new approach for analyzing the role of financial variables and shocks in computing the output gap. We estimate a two-region DSGE model for the euro

This collection explores how financial factors have become of key importance for stabilization and growth in developing and transforming economies.

Stock-market crashes show how the world of high finance can negatively impact our daily life, but smart money reveals a two-way street where those savvy to the

Social isolation and loneliness are serious yet underappreciated public health risks that affect a significant portion of the older adult population. Approximat

The successful first edition provided an introduction to the valuation and risk management of modern financial instruments, formulated in a precise mathematical