Journal of Economic Studies: Volume 12 Issue 3

Asset Markets and the Exchange Rate: A Structural Model of the Sterling‐Dollar Rate 1972–1982

Colm Kearney, Ronald MacDonald

This article formulates, estimates and simulates a structural model of the sterling‐dollar exchange rate over the floating rate period. A critique of existing empirical…

A Dynamic Model of the Competitive Firm with a Forward Market

John D. Hey

This article brings together and extends several strands of literature concerning the behaviour of the competitive firm operating under (spot) price uncertainty. Specifically, the…

Monetary Aggregates, Income and Causality in a Developing Economy

Shyam Kamath

This paper uses Sims‐Granger causality to examine the causal relationships between (1) the money stock and income, and (2) the reserve money base and the money stock for India…

Federal Reserve Money‐Supply Announcements and the Behaviour of UK Interest Rates

D.A. Peel, P.F. Pope

The purpose of this note is to examine the impact of US money‐supply announcements on United Kingdom interest rates using weekly data over the period 1977 to 1982. We find some…

Review Article: Demand Management — An Obituary

Patrick Minford

I have given this review article its provocative title, not because the book with which it is associated is bad or should be buried. On the contrary, the book, as one would expect…