This paper uses an aggregate production function to examine the effect of government capital formation on growth of labour productivity in an annual panel of 12 developing and 12 OECD economies covering the period 1976-1989. The results from a pooled model of all 24 countries indicate that...

This article examines two different measures of wages as predicators of prices in a Vector Error-Correction (VEC) framework using quarterly data for the United States for the period from 1947Q1 to 2008Q1. Based on cointegration and a series of exogeneity tests, it is found that (i) there is a...

This article attempts to determine whether controlling for the time-varying risk premium would improve the ability of the federal funds futures to predict the Federal Open Market Committee's (FOMC) decision regarding the direction and magnitude of changes in the federal funds target rate at...