This book presents and discusses current research in the field of economics. Topics discussed include labor market imperfections and endogenous business cycles; invariance in economic dynamics; interest rates in stochastic production economies; a cost of capital analysis of gains from securitization; modeling and forecasting income tax revenue; equity markets and economic development; links between monetary policy, inflation, output and unemployment in the euro zone; expansion of mean-variance analysis in emerging equity markets and security markets in emerging economies.

This book presents and discusses current research in the field of economics. Topics discussed include labor market imperfections and endogenous business cycles; invariance in economic dynamics; interest rates in stochastic production economies; a cost of capital analysis of gains from securitization; modeling and forecasting income tax revenue; equity markets and economic development; links between monetary policy, inflation, output and unemployment in the euro zone; expansion of mean-variance analysis in emerging equity markets and security markets in emerging economies.