The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Competition policy emerged as an important area of interest during the later stages of Uruguay Round negotiations. The task of establishing competition policy is complicated by the fact that there already are trade statutes - antidumping, countervailing duty, safeguard actions - that relate to...