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Atlantic Economic Journal articles from September 1994
Quarterly publication provides economic developments and changes on a global level. It also publishes economists' research and book reviews.
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Atlantic Economic Journal archives from September 1994
Fiscal discipline in the European Monetary Union.
September 1, 1994... I. Introduction
The Maastricht Treaty has envisaged the European Monetary Union (EMU) for Europe as an objective to be accomplished in three stages [Commission of the European Communities, 1990]. The treaty has become a law throughout the...
Macroeconomic policy, output, and inflation in the former Czechoslovakia: some evidence from the VAR analysis. (vector-autoregressive approach)
September 1, 1994... I. Introduction
Every country attempting the transition from central planning to a market economy has experienced a large decline of economic activity. The decline is most pronounced in industrial production--on the magnitude of 20-30 percent...
On the disappearing money-to-inflation connection.
September 1, 1994... I. Introduction
Recent research has suggested that the money-to-inflation connection no longer exists. Since the early 1980's, the once reliable, empirical connection between quarter-to-quarter changes in the average price level, and lagged M1...
Modelling the demand for broad money in the United States.
September 1, 1994... I. Introduction
Until recently, econometric analysis of broad money behavior has proceeded on the basis of a level or first-difference equation, and it generally has emphasized short-term interest rates and real-income elasticities. Recent...
The impact of demographic change on tax revenue.
September 1, 1994... I. Introduction
An aging population causes upward pressure on public expenditure. This phenomenon has been given ample attention in economic research. Much less attention has been paid to the effects of aging on the revenue side of the public...
New evidence of the interdependence in the labor-supply behavior of white couples.
September 1, 1994... I. Introduction
Household behavior has been a focus of economic research for several decades now. Economists have applied the tools of their trade to study household formation, fertility, and expenditure of time. The theoretical models of...
Models of disequilibrium and shortage in centrally planned economies.
September 1, 1994... I. Introduction
In the 1970s, economists began developing theoretical and empirical models of markets out of equilibrium. In a path breaking study, Fair and Jaffee [1972] showed how to estimate supply and demand under conditions of market...