This comment argues that Ian King's (2002) ranking of research records in New Zealand economics departments is an example of A. N. Whitehead's (1953) 'misplaced concreteness'. Nearly 60 per cent of the total scores calculated by King are due to just five academic stars, all of whom published...

This paper analyses the implications of uncovered interest parity for departures of the exchange rate from purchasing power parity as a result of temporary policy-induced changes in the domestic interest rate. The analysis produces a precise formula for the relationship, which suggests that...