The Expectations Hypothesis (EH) for the term structure of UK monthly interest rates is tested using Johansen's procedure. Differing results are found depending on the method of lag length selection. The application of the stationary bootstrap reconciles these results, lending support to the...

The existence of a long-run relationship between ODA and per capita GDP in India is examined, using annual data for 1961-92. A necessary condition for such a relationship is that the two series are integrated of the same order. Unit root tests indicate that ODA is I (0) while GDP is I (1), hence...

This study, employs an extended EGARCH-M model and finds further support for the hypothesis that both inflation and deflation increase uncertainty about price movements.