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This paper analyzes the demand for money in Argentina using the new open macroeconomic framework provided by the Redux Model. In a set up of this model with nontradable goods the fundamentals of money demand appear to be...

In this paper, we study the statistical relationship between money and prices in Argentina during the last quarter of the 20th century. We first look at the unit root characteristics of the series which suggest dividing ...

This paper investigates whether or not a simple -Cagan like- econometric model of demand for currency can be developed for Argentina based on more than sixty years of data (1935-2000). For such a long period the presence...

This paper gives a systematic application of maximum likelihood inference concerning cointegration vectors in non-stationary vector valued autoregressive time series models with Gaussian errors, where the model includes ...

Materias / palabras clave: Economics; Keynesian economics; Mathematical economics

This paper describes how to design low-cost reliable computing software for various application systems, by incorporating a single-version fault tolerant scheme along with run-time signature-based control-flow checking. ...

This paper presents a model designed to study the dynamic response of the economy under a fixed peg to the dollar to an international (and exogenous) real appreciation of the dollar, when there is wage and price stickine...

Hodrick-Prescott filter has been the favourite empirical technique among researchers studying "cycles". Software facilities and the optimality criterion, from which the filter can be derived, can explain its wide use. Ho...

Introduction - is capitalism sustainable? seven revolutions for sustainable capitalism revolution 1 - competition - going for the triple win revolution 2 - values - from me to we revolution 3 - information and transparen...

The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s veil of ignorance: individuals unknow...

Abstract This paper is concerned with those actions of business firms which have harmful effects on others. The standard example is that of a factory the smoke from which has harmful effects on those occupying neighbouri...