There as been on-going debate and empirical investigation in the literature as to whether or not the term structure contains information about future inflation. In this paper, the authors present new evidence about the information in the term structure of interest rates about future inflation in...

This paper proposes a new method of interval estimation for the long run response (or elasticity) parameter from a general linear dynamic model. We employ the bias- corrected bootstrap, in which small sample biases associated with the parameter estimators are adjusted in two stages of the...

This study measures the degree of short-horizon return predictability of 50 international equity markets and examines how its variation is related to the indicators of equity market development. Two multiple-horizon variance ratio tests are employed to measure the degree of return...

This paper presents a model of inter-regional household migration that extends recent developments in the literature in 2 important ways. First the interaction between the members of the household in the migration decision-making process is explicitly modelled through the application of the...

We consider production economies with unordered preferences and general consumption sets in a vector lattice commodity space. We show, by adapting the approach of Richard (1989), that Edgeworth equilibria can be supported as pseudo-equilibria by continuous prices.