Studies in Economics and Finance: Volume 16 Issue 1

A GRANGER CAUSALITY APPROACH TO INVESTIGATING THE IMPACT OF FISCAL POLICY ON THE U.S. ECONOMY: 1970.I — 1990.III

Peter J. Saunders

This study investigates the effects of fiscal policy on the U.S. economy within the confines of causality testing framework. A unidirectional causal flow is established from…

HAVE PRESIDENTS INFLUENCED MONETARY POLICY: NEW EVIDENCE FROM AN ARTIFICIAL NEUTRAL NETWORK

Paula A. Smith, Otto H. MacLin

This paper combines an experimental design and an artifical neural network to investigate the behavior of the Federal Reserve Board of Governors. The evidence suggests that FOMC…

COMMERCIAL BANK DIRECTOR/OFFICER LIABILITY EXPOSURE AND THE AGENCY ISSUE

Bill Scroggins, William Fielding, Louise Clark

This paper presents the results of a survey of 1000 U.S. Commercial Banks concerning their perception of and reaction to liability exposure. Also, the paper presents an…

AN EMPIRICAL EXAMINATION OF EXCHANGE RATE STABILITY: CASE STUDY: EUROPEAN MONETARY SYSTEM

Swarna D. Dutt, Dipak Ghosh

We examine the stability of exchange rates among the members of the European Monetary System (EMS), using the Johansen‐Juselius multivariate cointegration (systems) analysis. The…