. Then we estimate a recursive VAR model with innovations in a monetary aggregate and the overnight target interest rate as alternative measures of monetary policy shocks. We find that a negative policy shock raises both nominal and ex ante real interest rates, lowers inflationary expectations...

This paper provides measures of average publication rates (and frequency distributions) of articles and pages in all journals indexed by the Index of Economics Articles over the 1980s. The study covers 733 economists holding tenured or probationary appointments at Canadian universities in the...

This paper examines the effects of voluntary export restraints in a dynamic game model of duopolistic competition. It is shown that the imposition of a voluntary export restraint at the free-trade level of imports increases the market price and the profits of all firms in the industry if free...