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 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...

The author applies the IS-MP-IA model (Romer, 2000) to examine short run economic fluctuations for Latvia. The results show that equilibrium GDP is negatively associated with the expected inflation rate and the US federal funds rate and positively influenced by real depreciation and stock prices...

Based on a simultaneous-equation model incorporating potential substitution of credit card loans for conventional consumer loans, this article finds that the demand for conventional consumer loans is negatively affected by the personal loan rate and positively associated with the credit card...

The determinants of net migration rates including government taxes and welfare spending for 48 contiguous states and the District of Columbia during 1992-93 are examined. The weighted least squares (WLS) method is employed assuming dependent variable heteroscedasticity. Major findings indicate...