The subject of this paper is the estimation of the Phillips curve in Thailand. The aim of the estimation is to ...t the Phillips curve as part of a small-scale, log-linearised structural model for the country, which is suitable to form the basis for a future simulation exercise to ...nd an optimum monetary policy rule. A linear form of the Phillips curve is estimated using ordinary least square...

This article proposes an empirical representation of the in‡ation expectations in an Unobserved Components model with Markov-Switching regimes. This State-Space representation aims to answer two questions. Are the expectation errors consistent with the weak form of the Rational Expectations Hypothesis? If this is not the case for certain periods, are the di¤erent schemes of expectation associat...

The va por press ure of tungs te n was measured by the Langmuir method in the te mpe rature range 2600 to 3100 K using a vac uum microbala nce. Four se ries of data gave concorda nt result s and three of the fo ur seri es gave second and third law heats of s ublimation in exce llent agreeme nt. A va por pressure equ ation representing the data is log P(atm )=45385/T + 7.87 1, based on our mean ...

This paper reconsiders the welfare costs of in‡ation and the welfare gains from …nancial intermediation in a heterogeneous-agent economy where money is held as a store of value (as in Bewley, 1980). Because of heterogeneous liquidity demand, transitory lump-sum money injections can have persistent expansionary e¤ects despite ‡exible prices, and such e¤ects can be greatly ampli…ed by the banking...

A log-domain current-mode true RMS-to-DC converter based on a novel synthesis of a simplified current-mode low pass filter and a two-quadrant squarer/divider is presented. The circuit employs floating gate MOS (FG-MOS) transistors operating in weak inversion region. The converter features low power(