Classical models of inflation, utilising the transactions-based demand for money, predict that monetary policy will be ineffective in changing real variables. In response to this, the New Keynesian sticky-price models assume price-rigidity in order to address the possibility for the existence of...

This paper measures the technical efficiency levels in the Electrical and Optical Equipment industry in Irish manufacturing sector and examines the factors that could affect these levels utilising a stochastic production frontier approach over the period 1991-99 using firm-level panel data. ...

The paper uses a cross-country dataset to investigate the determinants of individual attitudes towards immigration.  There are three main conclusions.  The first is that attitudes towards immigration are not a function of economic interests alone; rather, they also reflect nationalist sentiment...

We compare two-stage Stackleberg with Cournot equilibrium under the assumption of quantity competition and homogeneous goods.  We show that, when the curvature of the inverse market demand equals the total number of firms in the industry, the outcome of the two games coincides.