The purpose of this study is to estimate the production structure and the adjustement dynamics in the manufacturing sector of Québec between 1962 and 1983. A dynamic model with adjustement costs and rational expectations is estimated by the generalized method of moments. The results indicate...

This paper analyzes the effects of perfectly foreseen monetary policy within the framework of a standard cash-in-advance economy. Anticipated monetary policy is shown to have real effects by influencing inflationary expectations. In a cash-in-advance economy, an increase in the anticipated rate...