Unemployment in Open Economies studies how domestic labour markets are influenced by a changing international environment. It combines the recently developed search and matching models with standard models of international trade. By this method, the reader gains new insights in the ongoing...

This book evaluates formally the theory of rational bubbles. A general procedure for deriving rational bubbles is provided in the first part of the book. All bubble processes discussed in literature so far could be obtained by the procedure presented. Furthermore, the set of bubble processes has...

1: Introduction -- 1.1 Substantive Issues -- 1.2 Methodological Issues -- 1.3 Organization of the Book -- One: Econometric Foundations Discrete Choice Analysis -- 2: The Random utility Maximization Hypothesis -- 3: Functional Specification of Discrete Choice Models -- 4: The Nested Multinominal...

I: Optimization Theory -- A method for linearly constrained minimization problems -- On a class of nonconvex optimization problems -- Lower semicontinuity of marginal functions -- A new approach to symmetric quasiconvex conjugacy -- Generalized convexity, functional hulls and applications to...

1 Introduction -- 2 The Model -- 2.0 Introduction -- 2.1 The Basic Model -- 2.2 The Deterministic Model I: General Formulation -- 2.3 The Deterministic Model II: Model Specification -- 2.4 The Econometric Model -- 3 Empirical Results -- 3.0 Introduction -- 3.3 Performance of the Models...

These notes draw from the Theory of Cointegration in order to test the monetary model of exchange rate determination. Previous evidence shows that the monetary model does not capture the short run dynamics of the exchange rate, specially when assessed in terms of forecasting accuracy. Even...

On Using the Linear Programming Relaxation of Assignment Type Mixed Integer Problems -- Contributions to Duality Theory of Certain Non-Convex Optimization Problems -- Multistate Reliability Problems for GSP-Digraphs -- Improved Bounds for the Sn /n Problem -- Selection of Solutions by Algorithms...