This paper describes work on the determination of primary commodity prices in world spot markets and in trade. Reduced-form equations for four product group price indices are estimated as functions of OECD activity, world prices, interest rates, exchange rates, oil prices, and other variables....

This paper describes work on the determination of primary commodity prices in world spot markets and in trade. Reduced-form equations for four product group price indices are estimated as functions of OECD activity, world prices, interest rates, exchange rates, oil prices, and other variables....

Health services are largely tax-financed in the United Kingdom and account for 14 per cent of general government spending. This paper analyses how the National Health Service (NHS) has been dealing with the associated expenditure pressures in the pre-1990 set-up and during the “quasi-market”...