This paper provides a unifying framework in which identified offset and sterilisation equations can be derived and estimated. The theoretical model suggests that, in the case where the central bank cares about bouth external and internal goals and capital is less than perfectly mobile, there...

Structural weaknesses of the real Cyprus economy, according to recent data of her five year development plans place her in the objective one EU members i.e. island and peripheral region. In this respect Cyprus could benefit primarily from the EU Structural Funds and Community initiatives at a...

The purpose of this paper is to invetigate the demand and its composition between home-produced and imported for alcoholic beverages in Cyprus.

The purpose of this paper is threfold: first, to empirically investigate the cost-structure of railway systems in the ten European Countries of the European Union. second to provide measures of economies (diseconomies) of scale and fully investigate the manner by which economies of scale have...

The objective of the study is to inquest the nature and direction of causality among public sector size, economic growth and macroeconomic state of the economy.

This paper presents a two-party dynamic model of optimal fiscal policy which integrates stabilizing electroral and partisan motives.

A common problem in empirical studies dealing with the identification of the poor is that their results tend to be sensitive to the selection of particular concepts of resources, equivalence scales and poverty lines. This article aims to examine the robustness of the results of poverty analysis...

The paper examines the structure of inequality in Greece using the micro-data of a Household Budget Survey carried out in 1987/88.

The paper presents a theoretical background for the analysis of the relationship between fertility and a number of socio-economic factors associated with the process of economic development and analyses empirically this relationship within a cross-country framework.

We use Greek data during 1960-1994 to test and estimate a model in which wage inflation, price inflation and unemployment depend on the exchange rate regime, the identity of the political party in power and whether an election is expected to take place.