This study finds that there is evidence of a J-curve for Chile, Ecuador, and Uruguay and lack of support for a J-curve for Argentina, Brazil, Colombia, and Peru. Increased real income in the home country would improve the trade balance for Brazil and Ecuador and deteriorate the trade balance for...

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 paper reexamines Okun's law by applying the Box-Cox transformation of variables. Major findings are that the effect of a change in the GNP gap on the unemployment rate varies from -0.280 in 1969.1 to -0.801 in 1982.4; the effect is larger (smaller) when the unemployment rate is higher...

Extending the Romer (2000) model and the Taylor (1993; 1998; 1999) rule, this paper derives theoretical relationships between equilibrium output in Mexico and a change in the exchange rate, stock values, or the world interest rate. Empirical results show that more deficit spending, higher stock prices,...

This paper finds evidence of the trilemma for Poland. Exchange rate stability, monetary independence and financial integration have a tradeoff. Mainly because of its plan to join the ERM II and pursuing for inflation targeting, the policy combination of exchange rate stability and monetary...

Based on a simultaneous-equation model incorporating potential substitution of credit card loans for conventional consumer loans, this article finds that the demand for conventional consumer loans is negatively affected by the personal loan rate and positively associated with the credit card...

Based on a simultaneous-equation model of loan demand and loan supply and applying the three-stage least squares method, this paper finds that loan demand is negatively affected by the lending rate and positively associated with manufacturing production and the inflation rate and that loan...

In this study, we examine the determinants of college student migration based on a sample of 50 states in 1992. Major findings show that the net migration rate of college students is negatively correlated with per capita personal income, tax burdens, and crime rates, but positively associated...

Based on a generalized functional form, this study tests potential spatial differences in the price and income elasticities of demand for natural gas. Empirical results show that the double-log and linear forms can be rejected at the 1 percent or 10 percent level and that price and income...