Estimating a forward-looking monetary policy rule by the Generalized Method of Moments (GMM) has become a popular approach since the influential paper by Clarida, Gali, and Gertler (1998). However, an abundant econometric literature underlines the unappealing small-samples properties of GMM...

This paper analyses the evolution of an economy where growth is driven by increased specialization caused by the geographical expansion of markets.

A quality ladder model is used to test for Marshallian externalities in innovation. The model predicts that, in the absence of spillovers, the geographical distribution of research should be random.

This paper analyses disaggregative growth models which treat development as progress through a space of commodities, from simple to more complex goods.

I consider the problem of choosing index numbers of puchasing power and real income for international comparisons. I show that the desirable properties of methods based on the Fisher Ideal index do not extend to multilateral comparisons, except when tastes are homothetic.

The aim of this paper is to characterise the set of non regular economies, when there is a finite number of consumers with either finite or infinitely many goods. We prove that the structure of the equilibrium set is the same in both cases and that there exist bifurcations in some of these models.

The aim of this paper if to characterize the set of singular economies, when there are a finite set of consumers with infinitely many goods in the sense that goods differ in the time which they are consumed or in the state of the world in which they become available. There exist l available...

The author estimates the relationship between the provincial credit ratimgs, as assessed by Standard & Poor' and a number of economic variables, using the ordered probit methodology.

The authors examine the Bank of Canada's overnight rate as a measure of monetary policy in vector autoregression (VAR) models.

This paper attemps to identify the trend unemployment rate, an empirical concept, using cointegration theory.