This Paper Is Aimed At Making the Linkage Between on One Hand Fisher Macroeconomic Equation and the Circuit of Capital And, on the Other Hand, the Feed Back Effect of a Disequilibrium in the Circuit to the Price, Interest Rate and Exchange Rate Varaibles. the Paper Is Divided Into Five Parts. in...

Statistical tests in vector autoregressive (VAR) models are typically based on large-sample approximations, involving the use of asymptotic distributions or bootstrap techniques. After documenting that such methods can be very misleading even with fairly large samples, especially when the number...

Des Elements Recents de Preuve Empirique Tires D'analyses de Vecteurs Autoregressifs Confirment L'importance des Changements Novateurs du Taux D'interet En Tant Que Determinant des Fluctuations Economiques. Nous Montrons Que Ce Resultat Peut Soutenir une Theorie du Cycle Economique Fondee Sur...

The Aim of the Paper Is to Develop a New Approach to Inflation Based on Marx's Circuit of Capital and the Structural Price Equation. the Feedback Effect of Any Disequilibrium in the Circuit Has Some Important Consequences on the Price Equation. the Reduced Form of the Model Shows in Particular...