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Social and Behavioral Sciences Commons™
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
The Determinants Of Off-Budget Activity Of State And Local Governments, Michael L. Marlow, David Joulfaian
The Determinants Of Off-Budget Activity Of State And Local Governments, Michael L. Marlow, David Joulfaian
Economics
No Abstract
The Empirical Reliability Of Monetary Aggregates As Indicators, Michael R. Darby, Angelo R. Mascaro, Michael L. Marlow
The Empirical Reliability Of Monetary Aggregates As Indicators, Michael R. Darby, Angelo R. Mascaro, Michael L. Marlow
Economics
It is widely believed that monetary aggregates have failed to predict economic performance over 1983-87. This paper observes that the traditional definition of money (M1 lessother checkable deposits, or M1A) shows no evidence of structural change, and yields lower prediction errors for both real GNP and inflation over 1983-87Q2 than the errors obtained using M1 or M2. If there is a mystery, it is not why MIA has done so well, but why economists abandoned it for M1 or what was once called M1B (currency, demand deposits, and other checkable deposits).
A Model Of Exchange Rate Pass-Through, Eric O'N. Fisher
A Model Of Exchange Rate Pass-Through, Eric O'N. Fisher
Economics
Exchange rate pass-through is the phenomenon whereby changes in the value of foreign exchange are reflected in changes in import prices. This paper presents a model in which firms are price setters who anticipate exchange rate changes. In equilibrium, firms' strategies incorporate expectations about the exchange rate consistently and are best responses to the strategies of all others in the world market. It is shown that exchange rate changes give rise to import price changes, but the degree of exchange rate pass-through depends upon domestic and foreign market structures and the exchange rate regime. In general, exchange rate pass-through is …
Exchange Rate Pass-Through And The Relative Concentration Of German And Japanese Manufacturing Industries, Eric O'N. Fisher
Exchange Rate Pass-Through And The Relative Concentration Of German And Japanese Manufacturing Industries, Eric O'N. Fisher
Economics
This note examines the rank correlation of export price markups and industrial concentration in German and Japanese manufactures in 1984 and 1986. It gives the most current measures of Japanese manufacturing concentration available in English.