The ex ante real rate of interest is one of the most important concepts in economics and finance. Because the universally-used Fisher theory of interest requires positive ex ante real interest rates, empirical estimates of the ex ante real interest rate derived from the Fisher theory of interest...

The Test of Understanding in College Economics (TUCE), created in 1968 and revised in 1981, 1991 and 2007, is widely used to assess students' understanding of economics principles and for research into teaching methods. In this article, we examine the student scores used to "norm" the TUCE...

In China, Medical Savings Accounts (MSAs) are a major tool financing health care consumption in urban areas. Whether MSAs control medical expenditures and encourage saving is based on an assumption that enrollees treat the MSA money the same as their pocket money. This assumption has never been...