This note introduces the concept of the replication paradigm, a framework that can (and should) be followed in every replication attempt. The paradigm expands, in part, on Bruce McCullough's well-known paraphrase of Berkeley computer scientist Jon Claerbout's insight - "An applied economics...

Recent literature on optimum currency areas has emphasized the importance of analysing the nature of the shocks facing the economy when deciding among alternative exchange rate regimes. In this paper we use a structural VAR to model the joint behaviour of real output, nominal interest rates,...

This article employs nonlinear smooth transition models to analyze the relationship between upstream and midstream prices of petroleum products. We test for the presence of nonlinearities in price linkages using both weekly series constructed using official EU procedures and also daily industry...

Common currency areas and Asian common currency areas in particular are highly topical and somewhat controversial areas for research. We explore the hypothesis that the members of the Association of Southeast Asian Nations meet necessary conditions for forming a common currency area and whether...