This paper tries to clarify the question of whether foreign exchange market interventions conducted by the Bank of Japan are important for the Dollar-Yen exchange rate in the long-run. Our strategy relies on a re-examination of the empirical performance of a monetary exchange rate model. This is...

In the aftermath of the Fukushima nuclear crisis, Japan began contemplating energy policy reforms that drew inspiration from low-carbon research. This article focuses on a question central to advancing low-carbon research in Japan and elsewhere: namely, how does an exogenous shock affect the...

Many analysts have claimed the record number of crop acres taken out of production in 1983 as a result of the Payment-in-Kind (PIK) program affected the already dechnmg sales offarm tractors The authors use intervention analysis, a particular form of a transfer function, to model and test for...

In this paper we model the monthly number of passengers flying with the Spanish airline IBERIA from January 1985 to December 1992 and predict future values of the series up to October 1994. This series is characterized by strong seasonal variations and by having an upward trend which has a...

An important tool in time series analysis is that of combining information in an optimal manner. Here we establish a basic combining rule of linear estimators and exemplify its use with several different problems faced by a time series analyst. A compatibility test statistic is also provided as...

Out-of-sample employment forecasts for 33 U.S. industries which are likely to be sensitive to the federal minimum wage are, more often than not, more accurate when information about the minimum wage is not taken into account. This is true even in instances where this information improves wage...