: The global price surge in food and energy in recent years has put considerable strain on consumers. This is especially so because food and energy are the elements of consumer s non-discretionary spending. Confining interest to the working class in Lesotho, this work is an attempt to quantify...

: This paper analyzes the dynamics of the US inflation time series using two classes of models: structural change models and long memory processes. For the first class, the Markov Switching Autoregressive (MS-AR) model of Hamilton (1989) and the Structural Change-Autoregressive (SCH-AR) model...

: This paper reinvestigates the relationship between money supply and prices in Malaysia. The sample includes monthly data of money supply (M1, M2 and M3), consumer price index (CPI) and industrial production index (IPI) from January 1974 to April 2007. Both Johansen cointegration and...

: This paper investigates the importance of external factors in the domestic interest rate determination of Malaysia and measures the Malaysian financial market openness and domestic speed of adjustment to changes in foreign factors by capturing the effects of the Asian Financial Crisis in 1997....