A general equilibrium model is specified to examine possible impacts of real or nominal depreciation, stock market movements, and changes in other macroeconomic variables on real output for Poland. The VAR model is applied in empirical work. Real depreciation is contractionary in the first...

Based on the augmented Phillips curve and the autoregressive conditional heteroscedasticity model, the author finds that the growth of nonunion wages are positively associated with expected inflation, productivity growth, and the growth of union wages and are negatively correlated with the...

This article finds that the demand for real M1 in Argentina has a positive relationship with real income and peso depreciation and a negative relationship with the domestic deposit rate, the foreign interest rate, and the expected inflation rate. Real stock prices do not affect the demand for...

The impact of the minimum wage increase on the part-time/full-time employment ratio (PTFT) is re-examined. Contrary to some previous findings, strong evidence is found of the substitution effect that if the relative wage (the ratio of the minimum wage to the average hourly earning in the private...

Applying efficiency wage models, this article finds that there is a strong evidence of a negative wage curve for the state of Alabama. The elasticity of the wage curve is estimated to be -0.28, suggesting that the wage rate in Alabama is much more sensitive to a change in the unemployment rate...

The demand for M2 in Hungary is positively associated with real output and the nominal effective exchange rate and negatively influenced by the deposit rate, the euro interest rate, and expected inflation rate. The coefficient of the euro interest rate for the demand for M1 is insignificant....

Applying a general equilibrium model and the Newey-West method, this article finds that real output in China has a positive relationship with real M2, the government deficit/GDP ratio, and the real stock price and a negative relationship with real appreciation. The expected inflation rate is...

Applying the GARCH(1,1) model, this article finds that a higher real oil price may have a positive or negative impact on the US real output and that the critical value of the real oil price for output maximization is estimated to be $50.09 per barrel. Hence, real crude oil prices of $54.90 in...

Four different models are considered in examining the movements in the AUD/USD exchange rate. Based on the value of R2, the uncovered interest parity model performs best, followed by the purchasing power parity model, the monetary model, and the Mundell-Fleming model. The opposite signs of the...