Delayed reactions to exchange rate changes in trade on current account balances are known to exist in both the United States and Canada. A model has been constructed to estimate relative price effects for trade with major partners in order to determine the quantitative magnitudes and relevant...

The paper attempts to study the influences of the quarterly changes in the international oil price upon certain macroeconomic indicators and upon the GDP, using the principal components analysis. It also analyzes the indirect impact of a change in oil prices – through all the other indicators...

Leo Byron Klein and Blanche (Monheit) Klein, both of whom were born in the American Middle West, had three children. I, Lawrence Klein, was born in Omaha, Nebraska, as were my elder brother and younger sister. My early education was in the public school system of Omaha, where, retrospectively, I...

Nobel Lecture to the memory of Alfred Nobel, December 8, 1980

This article is a brief review of the financial position of developing countries in the international market. It offers specific policy proposal concerning the macroeconomic management of LDCs.