In this paper we provide the first empirical study on the interrelationship between the Fed’s profit and selected macroeconomic variables i.e. policy interest rate, real gross domestic product (real GDP) and price level. We extract these macroeconomic variables from a simple theoretical model....

The Jordanian economy has a serious external debt problem. Based on several indicators, it can be argued that foreign debt has reached an excessive level and has become an impediment to economic growth. This paper examines the impact of external debt on the performance of the Jordanian economy...