This study measures the efficiency of government secondary schools in New South Wales, Australia, using a recently developed methodology of two-stage semi-parametric modeling. In contrast to previous research comparing school performance, we control for prior academic achievement of students by...

Transmission mechanisms are the channels through which monetary policy affects macroeconomic variables, such as GDP and inflation. Differences in transmission mechanisms can generate asymmetric behaviour among currency union partners when they experience shocks. This has the potential to widen...