Through constructing a new Keynesian DSGE model with heterogeneous agents, this article investigates both the aggregate and distributional consequences of fiscal policy. Polarized preferences over the conduct of fiscal policy emerge between those agents who participate in credit markets and those who do not. Exogenous shocks impact the two types of agent differently, and as a result, fiscal pol…

Although more than half of the world's Muslims live in Asia, most books on contemporary Islam focus on the Middle East, giving short shift to the dynamic and diverse presence of Asian Islam in regional and global politics. The Muslims of Asia constitute the largest Muslim communities in the world -- Indonesia, Pakistan, Bangladesh, India and Central Asia. In recent years, terrorist bombings in …