According to the author, for an economy which is very open to international trade and capital mobility, monetary policy in demand management is rather impotent, Singapore is an example of such an economy. The author assesses the relationship between exchange rates and domestic prices in...

For transition economies, income inequality is correlated with the share of output produced in the informal economy. Increases in income inequality also trend to be correlated with increases in the share of output produced in the unofficial economy. The hypotheses are supported significantly by...