... . Decentralization Macroeconomics Monetary union Optimal currency areas H77 E52 F33 The USA is considered the world’s foremost example of a monetary union. A resident of New York can travel all the way to San Francisco without having to exchange currency. The USA has been a monetary union since...

...Frank Heinemann and Charles Noussair; Frank Heinemann; Charles Noussair Purpose – The purpose of this paper is to introduce the upcoming symposium on experimental macroeconomics in the November issue. Design/methodology/approach – Experimental, survey of articles in the symposium...

...Roy Peter David Karpestam Purpose The purpose of this paper is to simulate the indirect and direct effects of remittances in developing countries. Design/methodology/approach The paper estimates a dynamic macroeconomic model and estimates the short‐run and long‐run dynamic multiplier effects...

..., is consistent with a monetary policy that approximated the Taylor rule. Research limitations/implications The distinct behavior over the two administrations is unique to the nonfarm payroll employment forecasts and cannot be substantiated for the Federal Reserve forecasts of other macroeconomic variables...

...Hway‐Boon Ong; Muzafar Shah Habibullah Purpose The purpose of this paper to examine if there is continuous macroeconomic compatibility between ASEAN‐5 and China. Thus, in addition to the typical VECM test of the long run macroeconomic cointegration test, this paper examines the existence...

...Biresh K. Sahoo; Debashis Acharya Purpose The purpose of this paper is to construct a robust macroeconomic performance (MEP) index of the State economies of an emerging market economy, i.e. India. Design/methodology/approach Two variants of data envelopment analysis (DEA) models – radial...

...Ramon A. Castillo‐Ponce; Victor Hugo Torres‐Preciado; Jose Luis Manzanares‐Rivera Purpose Traditionally, remittances have been analyzed in the context of their socioeconomic impact on the receiving communities. Consequently, little is known about the macroeconomic factors that influence...

... The findings of the research indicate significantly that the direction and magnitude of the impact of financial market development and macroeconomic variables on capital structure vary with the maturities of the security issue. It is also documented that firm level variables such as profitability, investment...

... repression can be explained by tax evasion but under specific conditions. Originality/value This is the first attempt to analyze financial repression and tax evasion in an endogenous growth model. Rangan Gupta can be contacted at: Rangan.Gupta@up.ac.za Economics Tax planning Macroeconomics...

...Orlando Gomes Purpose The purpose of this paper is to survey literature on macroeconomic nonlinear dynamics. Design/methodology/approach The paper identifies five influential types of models where the possible generation of endogenous cycles and chaotic motion arises. First, the frameworks...

... perspective and a sound theoretical basis. The model is used for estimating short and long‐run multipliers of remittances, through which the impact of remittances on growth and other key macroeconomic variables is estimated. Findings The analysis reveals a uniform country performance of instability...

...Heinrich Bortis Presents a review of Money and Inflation – A New Macroeconomic Analysis (Sergio Rossi (with a Foreword by Mauro Baranzini and Alvaro Cencini) Edward Elgar Cheltenham, UK and Northampton, MA, USA 2001 li + 238 pp.) © Emerald Group Publishing Limited 2004 Money...

...Mansor H. Ibrahim; Hassanuddeen Aziz Analyzes dynamic linkages between stock prices and four macroeconomic variables for the case of Malaysia using standard and well‐accepted methods of cointegration and vector autoregression. Empirical results suggest the presence of a long‐run relationship...

... of a causal independence in a majority of the cases, little support is attached to either Griffin’s dependency hypothesis or Papaneck’s reverse causality hypothesis. © MCB UP Limited 2002 Foreign investment Developing countries Cointegration Capital markets Economic growth Macroeconomics...

... are that the supply shocks are almost completely symmetric across UK regions and that there is no evidence of these shocks being propagated slowly across the regions. © MCB UP Limited 1998 Macroeconomics Models Regional development Time series analysis (2) In this case we find no signs...

... of arbitrary restrictions arising from vague economic theory and he set out several advantages for what is known as the “atheoretical” approach, based on using unrestricted reduced forms in which every variable is endogenous, for economic forecasting. While atheoretical macroeconomics has been criticized (see...

... Exchange rate Ireland Macroeconomics Ireland has experienced six major changes in its exchange rate regime over the period 1797‐1994. This paper provides a historical perspective on this experience. Between 1797‐1821, the Irish Pound floated against all other currencies. In 1800, Ireland...

...Bill Gerrard Using recent literature, examines developments in seven macroeconomic schools of thought: orthodox Keynesian, monetarist, new classical, real business cycle theory, new Keynesian, Austrian and post‐Keynesian. Describes all of these and classifies them as orthodox, new or radical. After...

... exercised a considerable influence on the work of Karl Marx. Analyses the aspects of Roscher′s work which were particularly influenced by Ricardo, and those where Roscher went beyond Ricardo, his notion of a macroeconomic production function; increasing returns to scale; and the role of small firms...

... between the government and the private sector has been extensively analysed in the macroeconomics literature. The Phillips curve monetary policy game played between the monetary authority and private agents (workers) is the most well known application of the game‐theoretic approach to macroeconomic policy...