In this paper we consider the relationship between output, the price level and the Central Bank's broad money aggregate, M2, which is a simple sum of six 'monies'. We consider by way of comparison a divisia index, which we adjust to allow, in the alternatively and conceptually divergent ways,...

This paper evaluates the impact on the performance (profitability) of the bannking system in Jordan of aspects of market structure. It considers the Struture-conduct performance and the efficient market hypotheses. The econometric findings contrast with the prevalent view in the literature that...

This paper examines optimum inflation in the context of a positive requirement for government revenue, to be financed by distrotionary taxation, and a monetary system where bank deposits coexist with currency.

The use of hierarchical models of educational effectiveness are reviewed. The paper also draws attention to the inedequacy of official performance indicators currently available and in particular the anattention to ressource issues.