Perfect equilibria of dynamic political games. The present paper examines issues of stability and reform when such equilibria … exist. Which environments tend toward institutional stability? Which tend toward reform? We show that when political rules … decisions alone. More generally, we identify sufficient conditions for stability and reform in terms of recursive self selection …

. As an interesting result, it is demonstrated that stability need not be required for the success of a matching mechanism …

-run elasticities of income and price variables. This study also implements CUSUM and CUSUMSQ stability tests on the estimated new …

This paper empirically analyses the stability of the narrow money demand function (M1) in Turkey for the period 1950 … this policy framework satisfies the necessary condition for effectiveness, we estimate and test for the stability of … CUSUMSQ stability tests. We demonstrate that there is a stable money demand function and it could be used as an intermediate …

stability under private agent learning. Appropriately designed expectations based rules can yield optimal rational expectations …

evolve. In the case of two types and two strategies it is shown that the stability properties of stationary states are the …

the relation-ships between growth in turnover, stability and effectivity are shown. In conclusion a number of …

growth and inflation to the specification of the estimating model; second, to test the stability of their relationship in the … cost function, and run the appropriate stability and causality tests. …

Demand for money is an important macroeconomic relationship. Its stability has implications for the choice of monetary … policy targets. This paper estimates demand for narrow money in Fiji and evaluates its robustness and stability. It is found …