Provides a framework for understanding the relationships between alternative cointegrating estimators with special attention given to single equation procedures. The approach consists of augmenting the long-run model with general short-run dynamic specifications and identifying the specific...

The purpose of this paper is to use a large data set comprising individual’s responses to survey questions about future economic conditions, unemployment and prices to explore lay people’s models of the economy and specifically their understanding of the relationship between unemployment and...

The purpose of this paper is to use a large data set comprising individual’s responses to survey questions about future economic conditions, unemployment and prices to explore lay people’s models of the economy and specifically their understanding of the relationship between unemployment and...

The monitoring and control of the growth of monetary aggregates is an important aspect of monetary policy. The purpose of this article is to assess the likely growth of the money supply for 1984-85. We conclude that the monetary policy of keeping M3 growth within the 8-10 per cent range is...