The consideration in the present study is mainly conceptual. The objective is to show how Data Envelopment Analysis (DEA) can be used to reveal the true input-output relations in an industry. In the estimation of a production function it is assumed that all firms use the existing technology...

This study re-examines the hypothesis that exchange-rate variability is another factor contributing to inflation variability. The analysis uses cross-country data for 41 countries over the current floating exchange-rate era. It employs the instrumental variable estimator, Emery's (1993)...

This paper examines the existence and stability of both the long- and short-run demand for narrow and broad money balances. The data for Singapore are used as a case study. The quarterly period examined is 1973:2-1999:3 (105 observations). The study reveals the existence of a systematic long-run...