M1, M2, and M3 demands in Mexico are positively influenced by output and stock prices and negatively associated with the saving rate, the U.S. interest rate, and the expected inflation rate. Peso depreciation affects M1 demand negatively and M2 and M3 demands positively. The log-linear form...

Applying and extending the Mundell-Fleming model, this study attempts to examine the behavior of short-term real exchange rates for Venezuela. It finds that the real effective exchange rate is positively associated with real government deficit spending and negatively influenced by real M2, the...

This study finds that the nominal exchange rate in Estonia is positively associated with the expected exchange rate and negatively influenced by real M1, the foreign interest rate, the expected inflation rate, and the relevant price. The coefficient of the government deficit spending/GDP ratio...

This article extends Ball and Mankiw (2002) and applies the Hodrick-Prescott filter (1997) to estimate the time-varying NAIRU for Germany. The slope estimate of the Phillips curve is insignificant when the widely used lagged inflation rate πt-1 is selected as a proxy for the expected inflation...

This article applies the extended Box-Cox model to test functional forms of purchasing power parity (PPP) for eight selected Asian countries. Both the CPI and the PPI are considered. The relative price is the major determinant of the nominal exchange rate except for Malaysia when the CPI is...

This article employs the VAR model to estimate the impacts of government debt, monetary policy, exchange rates, and other selected macroeconomic variables on real GDP in Brazil. Using the money market rate as a policy tool, the impulse response function indicates that in the long run, a shock to...

Based on all the metropolitan statistical areas in the state of Texas during 2002-2004, this study finds that the real wage rate and the unemployment rate have a significant negative relationship. However, the value of R2 is relatively low. Policy implications are that the efficiency wage model...

Extending the Mundell-Fleming model and applying the Newey-West HAC method, this paper finds that the real USD/won exchange rate is negatively affected by real M2, the world interest rate, country risk, the expected inflation rate and the binary variable for the time period during the Asian...

For Korea, the overnight rate responds positively to the inflation rate, the output gap, the lagged real exchange rate, and the lagged overnight rate and negatively to the current real exchange rate. For Hong Kong, the overnight rate reacts positively to the inflation rate and the lagged...

This study finds that the real exchange rate in Slovakia is negatively associated with real M2, the US Treasury bill rate, country risk, and the expected inflation rate and positively influenced by deficit spending/GDP ratio and the stock price index. The behaviour of error variance can be...