In this article, the authors examine the impact of monetary-base growth on inflation in the post-World War II United States. The most significant and stable empirical relationship is between monetary base growth and inflation. However, the authors also find that non-interest-bearing demand...

Empirical studies estimating the impact of firm performance on executive pay have primarily concentrated on the short-run response. In this study, the authors present estimates of the complete dynamic response of CEO pay to firm performance. They find that the cumulative response of pay to...