We perform non-linearity tests using daily data for leading currencies that include the Australian dollar, British pound, Brazilian real, Canadian dollar, euro, Japanese yen, Mexican peso, and the Swiss franc to resolve the issue of whether these currencies are driven by fundamentals or...

Empirical Studies in Comparative Politics presents a collection of papers analyzing the political systems of ten nations. It intends to provoke a conscious effort to compare, and investigate, the public choice of comparative politics. There have been many publications by public choice scholars,...

Although the inflation rates have been low in recent years, the uncertainties that put downward pressure on inflation remain the key uncertainties that economies around the world are facing, and they could be unexpectedly persistent. In this paper, we investigate the relationship between nominal...