Temple (2002) empirically challenges Romer's (1993) negative openness-inflation relation on empirical grounds. This article links economic openness to the slopes of aggregate supply (AS) and aggregate demand (AD) to explain why the openness-inflation relation can be ambiguous. Starting with a...

Temple (2002) argues that the inflation level used in Romer (1993) lacks power in revealing the policy intentions of monetary authorities. Temple also points out that Romer's use of the openness–inflation correlation cannot be explained by time consistency theory. In this article, we...

In this paper, we revisit the results from the influential study by Borensztein et al. (Journal of International Economics 45:115?135, 1998), which argues that inward foreign direct investment (FDI) promotes the economic growth in a less developed host country only when the host country obtains...

Monetary authorities commonly use interventions in foreign exchange markets to influence exchange rates. This paper uses Taiwan's data to show that how interventions respond to external shocks representing depreciation or appreciation pressures depends on other objectives of the monetary...

In this study both aggregate and industry-level foreign direct investment (FDI) data are employed to investigate the spatial dependence of FDI hosts. The analysis contributes to the existing literature by focusing on the heterogeneous spatial correlation of FDI in different industries. Using...

Journal rankings have been used as a common low-cost management tool by academic institutions to measure research productivity among scholars. In this paper, we extend the work by Lo et al. (2008) that produced rankings of economics journals, departments, and economists based on teaching-focused...

Using data from 1,217 publicly traded Chinese companies from 1994–2006, we show that the capital financing behavior of Chinese firms deviates substantially from the pecking order theory in that equity issues are always the preferred financing source for funding requirements. We further...