Evidence-based policy of global warming is best relying on a relevant sample of data. We choose a sample of annual data from 1959 to-date to provide some statistically robust stylized facts about the relationships between actual CO2 and temperature. Visually, there is a clear upward trend in...

This paper reexamines some unsettled theoretical and empirical issues regarding the relationship between nominal exchange rates and interest rate differentials and provides a model for the behavior of exchange rates in the long run, where interest rates are determined in the bond market. The...

There is a wide consensus that New Zealand's productivity has been poor despite the comprehensive market-oriented reforms of the 1980's. This consensus is based on estimates of New Zealand's productivity growth measured either in terms of output per capita or total factor productivity (TFP). TFP...

When base velocity is a stable function of the Federal funds rate (FFR), the money base-nominal GDP targeting rule (McCallum rule) can be re-parameterised and presented in terms of FFR as the policy instrument. Comparison of this McCallum modified policy rule with the popular Taylor rule...

We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We...

"The UN's Net Zero goal is to limit the rise in mean global temperatures to 1.5°C by 2050. They suggested that it could be achieved by reducing global emissions by 45 percent by 2030, then to zero by 2050. This book is a new stress test in applied econometric analysis of oil producing...