Budget deficits and exchange rates: further evidence from cointegration and causality tests

Article Abstract:

Empirical results on the link between budget deficits and exchange rates in Germany, the UK, Switzerland, Belgium, the Netherlands, Italy, France and Canada between 1980-95 proved the link between exchange rates and budget deficits with the effect of the deficits on the irregular exchange rate. In some cases, budget deficits appear to have resulted in a currency devaluation, while in others to a currency boost.

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Macroeconomic rationality and Lucas's misperceptions model: further evidence from forty-one countries

Article Abstract:

The major implications of Lucas' misperception model are reexamined using a panel approach and annual data from 41 countries over the period from 1949-1999. The empirical model is also used explicitly to consider the simultaneous effect of monetary and real (oil) shocks on output behavior.

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Money volatility and output volatility: any asymmetric effects? Evidence from conditional measures of volatility

Article Abstract:

The impact of money supply changes on cash flow, in the United States, is examined.

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