"This book explains inflation dynamic, using time series data from 1960 for 42 countries. These countries are different in every aspect, historically, culturally, socially, politically, institutionally, and economically. They are chosen on the basis of the data availability only and cover the...

I test the forward rate unbiasedness hypothesis using the Error Correction Model (ECM) of Naka and Whitney (1995). It is shown that the Naka-Whitney treatment of the dynamic is perhaps necessary to ameliorate existing problems associated with testing the hypothesis. However, it is not sufficient...