Journal of Economic Studies: Volume 30 Issue 5

Defining fundamental disequilibrium: Keynes's unheeded contribution

Filippo Cesarano

The Bretton Woods agreements set up the post‐war monetary order on the basis of fixed exchange rates and autonomous national economic policy. Changes in parity were allowed in the…

Monetary dynamics, exchange rates and parameter instability: an empirical investigation

A.C. Arize, J. Malindretos, S. Christoffersen

This paper examines the existence and stability of both the long‐ and short‐run demand for narrow and broad money balances. The data for Singapore are used as a case study. The…

Money demand, financial liberalization and currency substitution in Turkey

Irfan Civcir

This paper investigates the empirical relationship between money, real income, interest rates, inflation and expected exchange rate, and examines the constancy of this…

Manufacturing and competitiveness: the case of Greece

Christos Pitelis, Nicholas Antonakis

Despite long‐standing debates on deindustrialisation and the importance of manufacturing, as well as tests of the deindustrialisation hypothesis, little empirical work exists on…

Reflections on an anniversary: Friedman's Capitalism and Freedom

Kurt Rothschild

Discusses Milton Friedman's Capitalism and Freedom, on the fortieth anniversary of its publication.