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Empirical Evidence on Inflation and Unemployment in the Long Run
We examine the relationship between inflation and unemployment in the long run, using quarterly US data from 1952 to 2010. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, ...
Linear or Nonlinear Cointegration in the Purchasing Power Parity Relationship?
We test long-run PPP within a general model of cointegration of linear and nonlinear form. Nonlinear cointegration is tested with rank tests of Breitung (2001). We determine first the order of integration of each variable, ...
On Real Interest Rate Persistence: The Role of Breaks
The role of structural breaks in long spans of ex-post real interest rates for ten industrialized countries is studied. First, the persistence of the real interest is assessed with newly proposed low-frequency tests of ...
Can You Spare Some Change For Charity? Experimental Evidence On Verbal Cues And Loose Change Effects In A Dictator Game
There is some evidence from field studies and natural experiments that levels of charitable donation depend on the method in which donations are solicited. There is also some experimental evidence that spending on private ...
Are Courts Slow? Exposing and Measuring the Invisible Determinants of Case Disposition Time
This article analyses civil case disposition time by developing hypotheses to explain behavioral and structural determinants of so-called ‘delay’ and suggesting a novel methodology (‘Echronometrics’) to account for factors, ...
Efficiency Aspects of Government Secondary School Finances in New South Wales: Results from a Two-Stage Double-Bootstrap DEA at the School Level
This study measures the efficiency of government secondary schools in New South Wales, Australia, using a recently developed methodology of two-stage semi-parametric modeling. In contrast to previous research comparing ...
New Reform Strategies and Welfare Participation in Canada
This paper measures the extent to which declines in Canadian welfare participation were associated with novel and aggressive welfare reforms. Referred to as new reform strategies, these welfare policy variables are: work ...
Information Processing, Pattern Transmission and Aggregate Consumption Patterns in New Zealand
This study explores the value of information transmission in training het-erogeneous Artificial Neural Network (ANN) models to identify patterns in the growth rate of aggregate per-capita consumption spending in New Zealand. ...
Inequality and economic growth: The empirical relationship reconsidered in the light of comparable data
All of the recent empirical work on the relationship between income inequality and economic growth has used inequality data that are not consistently measured. This paper argues that this is inappropriate and shows that ...
Quantity restrictions with imperfect enforcement in an over-used commons: Permissive regulation to reduce over-use?
This paper presents a model of quantity regulation aimed at mitigating externalities from over-use of a commons: for example, restrictions on use of automobiles, fisheries, computer networks and electronic stock quotation ...