Christopher Gilbert and David Vines (eds.), The World Bank: Structure and Policies Martin Shubik, The Theory of Money and Financial Institutions, Vol. I Ben Fine, Social Capital Theory versus Social Theory: Political Economy and Social Science at the Turn of the Millennium Heinz D. Kurz,...

We evaluate New Zealand's macroeconomic performance over the 1967-1996 period, which witnessed numerous economic reforms. Using both index-number and econometric techniques, we decompose nominal GDP growth and the output gap into contributions from price level changes, productivity growth and...

The British Columbia halibut fishery provides a natural experiment of the effects of "privatizing the commons". Using firm-level data from the fishery two years before private harvesting rights were introduced, the year they were implemented, and three years afterwards, a stochastic frontier is...

The use of multilateral indexes is increasingly an accepted approach for incorporating scanner data in a Consumer Price Index. The attractiveness stems from the ability to be able to control for chain drift bias. Consensus on two key issues has yet to be achieved: (i) the best multilateral...

A puzzling development over the past 15 years is decline in Total Factor Productivity in many advanced economies. Part of this decline may be due to the rapid growth of free digital goods. Statistical agencies have no reliable way to measure the benefits of the introduction of free goods. This...

Regardless of where we live, the management of the public sector impacts on our lives. Hence, we all have an interest, one way or another, in the achievement of efficiency and productivity improvements in the activities of the public sector. For a government agency that provides a public...