possibility is to adopt restrictions from economic theory. The purpose of this paper is to investigate the implications of the …

This paper examines the relationship between unemployment, real oil price and real interest rates in Canada. Instead of …

whymore inequality can be associated with less, rather than more, redistributive taxation. Our framework displays multiple … pattern of income distribution and local versus social spillovers ratio under which inequality and segregation persist in the …

We reexamine the expectations theory of the term structure focusing on the question how monetary policy actions … tests of expectations theory this implication only requires rational expectations but not stationary risk premia. Therefore …, its empirical test sheds new light on the importance of expectations theory for the determinants of the term structure of …

is constructed for the German monetary sector based on M3, GNP, an inflation rate, a long-term interest rate and a short …-term rate which represents the policy variable of the DBB. Moreover, import price inflation is included as an exogenous variable …