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...

This paper examines short-run determinants of the U.S. dollar/Malaysian ringgit (USD/MYR) exchange rate based on a simultaneous-equation model. Applying the EGARCH model, the paper finds that the USD/MYR exchange rate is positively associated with the Malaysian real government Treasury bill...

The purpose of this paper is to compare four major exchange rate models for the Costa Rica Colon. We examine exchange rate data for the Costa Rica/U.S. dollar relationship from 1981-2007 and find that monetary models have a higher explanatory ability whereas the Mundell-Fleming model performs...

Purpose – The purpose of this paper is to examine movements of the Singapore dollar exchange rate against the US dollar. Design/methodology/approach – An extended open macroeconomic model with the IS, LM, and AS functions and comparative static analysis are employed and applied. The...

The US 1996 Welfare Reform Act creating the Temporary Assistance for Needy Families (TANF) and replacing the Aid to Families with Dependent Children (AFDC) and the Job Opportunities and Basic Skills Training (JOBS) is discussed and reviewed. Based on the latest data for 35 states, the regression...

The paper analyzes selected social indicators to determine whether people in Taiwan have become better or worse off during the process of economic growth. The authors find that residents in Taiwan experienced better education, more political freedom, better health care, better nutrition, more...