An argument connecting human capital theory with the 'weak version' of the signaling hypothesis, is advanced initially. It is an argument that helps methodologically the derivation of a work-incentives view of the complementarity between human capital theory and the strong version of the...

This paper examines the extent to which the policy instruments of money supply and budget deficit were endoigenous in Greece over the period 1975-1993. It is assumed that the policymaker's objectives are the growth rate of GNP and the balance of payments. The so-called "reaction-function...