Journal publications

This paper evaluates the strength of the balance sheet channel in the U.S. monetary policy transmission mechanism over the past three decades. Using a Factor-Augmented Vector Autoregression model on an expanded data set, including sectoral balance sheet variables, we show that the balance sheets of...

Stephen Pinker (2011) advances that various forms of violence such as homicide, rape, torture and con‡ict have decreased over time because of the following historical shifts in soci ety: paci…cation process, civilising process, humanitarian and rights revolutions, and extended periods of peace. We...

This paper demonstrates the importance of wildlife in the portfolio of environmental income in the livelihoods of poor rural communities living adjacent to a national park. The results show that wealthier households consumed more wildlife products in total than relatively poor households. However,...

Art has been suggested as a good way to diversify investment portfolios during times of financial uncertainty. The argument is that art exhibits different risk and return characteristics to conventional investments in other asset classes. The new Citadel Art Price index offered the opportunity to...