The major objective of this thesis is to investigate whether there exists a stable long run and short run equilibrium relationship between real money balances (M1 or M2) and their determinants in Thailand. A cointegration analysis and the Vector Error Correction Model (VECM) are conducted on...

Experimental auction and discrete choice experiment are two popular value elicitation methods.Theoretically they should yield the same results but empirical results have been mixed (e.g.,Lusk and Schroeder 2004, 2006; Corrigan et al. 2010.) This study uses both methods todetermine consumers’...

Recent financial instability has called into question the sufficiency of low inflation as a goal for monetary policy. This paper discusses inter-war literature bearing on this question. It begins with theories of the cycle based on the quantity theory, and their policy prescription of price...

This paper provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors influencing market and non-marketbased service, house...

Baigiamajame magistro darbe analizuojamas nacionalinės ekonomikos rezultatyvumo matavimo klausimas pasitelkiant bendriausią makroekonomikos matą BVP. Teorinėje darbo dalyje aptariama šio rodiklio sukūrimo esmė bei raida nacionalinės sąskaitybos sistemos kontekste. Įvardijami pasirinkto...

Šiame darbe nagrinėjama vyriausybės vykdomos fiskalinės politikos įtaką visuminei paklausai Lietuvoje. Darbe yra apžvelgiama vyriausybės vartojimo išlaidų bei visuminės paklausos komponentų pokyčiai nuo 1995 iki 2007 metų. Teorinėje dalyje aptariamos pagrindinės Keinsistinės...

It is well known that the Internet has significantly reduced consumers'search costs online. But relatively little is known about how searchcosts affect consumer demand structure in online markets. In this paper,we identify the impact of search costs on firm competition and marketstructure by...

In spite of industry concerns, prior work has shown that Internet used book markets do not significantly cannibalize new book sales. In this research note we analyze similar data from markets for CDs and DVDs, goods that because of their digital characteristics may be more susceptible to...