In a world dominated by large economies with flexible exchange rates and predictable market forces, quantities of currencies bought and sold would warrant very little attention. Models illustrating and explaining foreign exchange markets would focus almost exclusively on prices, i.e. exchange...

Perhaps because of the prolonged stock market boom of the 1990's most macro principles textbooks have increased their coverage of the stock market, but there is very little analysis of how the economy affects the stock market. The present paper suggests a "GDP demand-side" approach to predicting...

Many developing economies of the world today have been building up massive foreign exchange reserves of industrialized economies. A clear example of this is China. In February of 2005, China surpassed Japan as the world's largest holder of foreign exchange reserves. After the Asian Contagion...

The paper considers a monopoly firm with two possible R&D projects, one improving the product itself and the second reducing the customers' costs associated with product failure. The firm must choose one project or the other, and has a fixed budget for R&D expenditures. A condition on parameters...

Coming out of the global recession, it has been suggested that certain of the United States' trading partners that have relied on exchange rates policy should switch to the industrial policy, particularly, government subsidies for private sector research and development. The present paper argues...