This paper investigates whether the adoption of a more floating exchange rate regime with inflation targeting has improved the vulnerability of the exchange rate, by looking at the Korean case. Using the NATREX model, I estimate the equilibrium real exchange rate of the Won and its misalignment....

This paper overviews and compares China's gradual economic liberalization with other transitional economies moving from planned economy to market economy such as Vietnam in Asia and Russia. China liberalized its economy more slowly than Vietnam and Russia. In the early stage of reform, China...

The traditional median voter model predicts that median income and taxprice are the primary determinants of local school spending levels. It further implies that lump-sum grants wills be utilized like private income, and thus income and grant coefficients should be the same. Our comprehensive...

How can one use the results derived in Sections 3 and 4? The type of use one can make in theoretical voting analysis was suggested in Section 4 already. Comparative statics results on how desired budget levels vary with tax system parameters (such as number of exemptions, size of tax credits,...

Purpose – This paper aims to investigate the shifting boundaries between two experiential categories – home and work – for office workers. The boundaries are both spatial and temporal, and the paper seeks to analyse how certain kinds of mobile technology are being used in such a way as to...

In the 1920s and 30s, the Naga areas comprising Naga Hills and the adjoining Naga inhabited hill tracts of Manipur witnessed two important initiatives which were to become integral to the imagining and making of a Naga nation: the movement among the Rongmeis, Liangmeis and Zemes under the...