We examine the behavior of the real exchange rates of nine transition economies during the 1990s. We propose an empirical model rationalized on the basis of standard economic models in the tradition of Mundell-Fleming-Dornbusch and Harrod-Balassa-Samuelson, allowing explicitly for real interest...

This paper examines the effect of financial deregulation on consumption expenditure in France during the period 1970-1993. A nonlinear model for consumption which allows for liquidity constraints through a time-varying parameter dependent on a proxy for financial deregulation is estimated using...

[eng] Transitory and permanent components of saving and investment: an empirical study of . international capital flows in Japan by Eric Girardin, Lucio Sarno and Mark P. Taylor . This paper presents an empirical study of the difference between the short- and the long-run saving-investment...