We investigate the effects of exchange rate uncertainty on exports in the context of a multivariate framework in which a structural open economy vector autoregression is modified to accommodate multivariate GARCH-in-Mean errors, as detailed in Elder (Elder, J., 2004. Another perspective on the...

This paper takes a microeconomic- and aggregation-theoretic approach to the empirical analysis of the relationship between private and government consumption. It provides estimates of the Morishima elasticities of substitution based on an empirical comparison and evaluation of the effectiveness...