This study develops a vintage model of the tenure and academic promotion process within the American higher education system. In this process, one’s professional academic achievements and the characteristics of one’s university affiliation work to either increase or reduce the probability of...

Previous work has documented inflation effects on Tobin's q in the long run. This paper examines whether the FED's different policies and chairmen tenure have an impact on Tobin's q, after a modified stylized AD-AS model shows that central banks affect q. We do find changing responses of q...

n this article we estimate the relationship between inflation and trade openness [e.g., Romer (1993)] using modern panel data techniques. The advantage here is that we are able to explicit test the hypothesis proposed by Terra (1998) that the negative relationship between openness and inflation...