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The Great Financial Crisis has been touted to be the worst crisis since the Great Depression of 1930; its effect has profound ramifications on the global economy. The nature and the severity of the crisis provoked an unprecedented policy response from policy makers at both global and domestic levels. To address the rampaging crisis, the Bank of England implemented a number of conventional and unconventional policy measures to curtail the economic rot and to stimulate economic growth. There is a broad consensus in the empirical literature and other evidence found in this paper that a number of the policies implemented in the United Kingdom played a significant role in re-directing and stimulating the economy. This paper reviews the various policy measures adopted by the Bank of England from the inception of the financial crisis in 2008 and assesses their effectiveness in bringing back the economy from the brink of collapse. Our review shows that quantitative easing (QE) policy and the expansionary fiscal policy adopted by the Bank of England were effective policy tools used in stimulating economic growth, stemming the effect and shortening the duration of the crisis in the United Kingdom

This paper analyzes the determinants of domestic private investment in Pakistan using long time series data for the period 1982 to 2012. The conventional variable such as output is not significant in explaining the domestic private investment but the interest rate has significant negative effect on private investment in the long run. The results of the study confirm the validity of crowding in hypothesis and debt overhang hypothesis for Pakistan. This study did not find any support for Mackinnon-Shaw hypothesis. The improvement in law and order condition and existence of democratic political regime in the country has significant positive effect on domestic private investment in the long run. The focus on non-conventional variables could restore investors’ confidence and may result in the recovery of domestic private investment in the country.

This study empirically investigates the causal relationship between construction production and GDP for Turkey during 2005Q1-2013Q4 period. Because it is found that, there is no cointegration which means there is no long run relationship between variables, VAR Granger Causality Method is used to test the causality in short run. The findings reveal that, the causality runs from GDP to Building Production and Building Production to Non-Building Production (i.e. bidirectional relationship). Findings of this paper suggest that, because there is no long run relationship between Construction Production (Building and Non-Building) and GDP and also in short run the causality runs from GDP to Construction Production, the growth strategy based on mainly Construction Sector growth is not a good idea for Turkey.

This paper attempts to empirically examine the Reverse Causality hypothesis within the Nigerian context during the period 1980 – 2011. Employing Vector Error Correction Methodology (VECM), causality was found between inflation and government stocks, with causality running from government stocks to inflation, thus providing evidence in support of the reverse causality hypothesis. The results from the forecast error variance decomposition (FEVD) and impulse response functions tend to further lend credence to this finding. Accordingly, this study suggests, in part, the need for a tight monetary policy which would help to reduce inflation and stock prices, as such measures would leave the individuals with less money to buy stocks. Such efforts should be complemented by augmenting domestic production and encouraging investment through inexpensive bank finance.