Research Publications and Outputs: Recent submissions
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Some Further Evidence on the Policy Ineffectiveness Proposition
Published 1990-11-01In the empirical literature of the new classical model and its criticisms, the unemployment equation received much attention. In this paper we shall examine the validity of the new classical policy ineffectiveness proposition, ...Open AccessWorking Paper -
Testing for Long Run Money Demand Functions in Greece Using Cointegration Techniques
Published 1990-11-01Long run money demand functions for M1 and M3 are tested by means of the cointegration methodology developed by Johansen (1988). The results support the existence of an economically meaningful cointegrating vector for both ...Open AccessWorking Paper -
Asymmetries in the European Monetary System: Evidence from Interest Rates
Published 1990-09-01This paper tests for asymmetries in the European Monetary System (EMS). The analysis indicates that any asymmetric movements between German and other EMS interest rates originating from changes in the US rate are temporary ...Open AccessWorking Paper -
SHOCK PERSISTENCE IN AUSTRALIAN OUTPUT AND CONSUMPTION
Published 1990-03-01The distinction between transitory and permanent shocks bears important implications for economic analysis in general, and for forecasting and policy issues in particular. This distinction is at the centre of the debate ...Open AccessWorking Paper -
A MODEL OF INCOME, UNEMPLOYMENT AND INFLATION FOR THE U.S.A.
Published 1991-02-01This paper develops a simple three equation microeconomic model to explain the dynamics of output, unemployment and inflation for the U.S.A. The model is estimated, with the annual data, for 1946-1989. Insights gained ...Open AccessWorking Paper