This paper examines the effects of government spending on infrastructure within an endogenous growth model populated by consumers with finite horizons. It highlights the role of finite horizons in such a framework, and also compares and contrasts the effects of government spending on...

This paper investigates the long run relationship of real interest rates within a number of economic blocs such as Asia-Pacific, Europe, North America using cointegration analysis and vector error correction models

The purpose of this study is to shed light over the management of foreign reserves that have contradictory policy intentions and impacts; (1) to defend the domestic currency (2) to depreciate the domestic currency. With this Möbius's strip-like nature in mind, we extend the Dornbusch (1976)...