This paper presented a planar printed multiple-input-multiple-output (MIMO) antenna with a dimension of 100 x 45 mm2. It composed of two crescent shaped radiators placed symmetrically with respect to the ground plane. Neutralization line applied to suppress mutual coupling. The proposed antenna...

This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that explores problems of contract efficiency in the face of...

A simple monetary model is built to illustrate that the pegged exchange rate system will collapse under an unstable external environment via the balance sheet contagion and the "boiling frog" effect, even if the domestic policy and the fundamentals are sound. If agents anticipate this happening,...

This paper extends a matrix inverse result of M. L. Higgins (1994) and presents a new unified double length regression method to calculate the two-step generalized least squares estimators of two types of rational expectations models with current anticipated and unanticipated components. The...

This paper examines the macroeconomic consequences of rigidities in the European labour markets, and shows that attempts to impose a single monetary regime on economies with different structures can lead to a breakdown in co-ordination. Such breakdowns can occur when expenditure-switching...

The forward premium is a notoriously poor predictor of exchange rate movements. This failure must reflect deviations from risk neutrality and/or rational expectations. In addition, a mechanism is needed that generates the appropriate correlation between the forward premium and shocks arising...

This paper examines and compares the costs of noncooperative (i.e., national) fiscal policies in a monetary union, with the costs of assigning monetary policy to price stability and fiscal policy to output growth as recommended in the Maastricht Treaty. Compared to a fully coordinated monetary...