Say’s Law maintains that there can never be a superabundance of all goods (if any good were available in greater supply than needed, such as water or air, it would no longer an economic at all) and if is excess some items are still goods, will matched with insufficiency others. The reputation Keynes (1936) was made part on the basis supposed refutation Law. This paper attempts to probe irration...

US federal transfers to individuals are large, countercyclical, vary geographically, and often credited with helping stabilize regional economies. This paper estimates the short-run effects of these using plausibly exogenous variation in temporary stimulus payments permanent Social Security benefit increases. States that received larger tended grow faster contemporaneously, a multiplier around ...

Available online 12 August 2011 JEL classifications:

Available online 1 July 2010 JEL classifications:

this article is a comparative study of estimation power of artificial neural networks and autoregressive time series models in inflation forecasting. using 37 years iran’s inflation data, neural networks performs better on average for short horizons than autoregressive models. this study shows usefulness of early stopping technique in learning stage of neural networks for estimating time series...

abstract in this paper, the effect of foreign sector macro-variable on inflation dynamics and firms’ pricing behavior has been investigated in the context of a small open economy new keynesian phillips curve. this curve is derived and estimated for a developing oil-exporting economy suffering from dutch disease. this version of nkpc is an extension of leith and malley’s (2007) small open econom...

The Galileo spacecraft passed close to Europa on 11 encounters, two of which (E12 and E26) came within 400 km the surface. In E12 data, there are perturbations in field plasma data consistent with effects a nearby plume (Jia et al., 2018). Huybrighs al. (2020, https://doi.org/10.1029/2020GL087806) report depletions proton flux one channel Energetic Particle Detector (EPD) as E26. They trace par...

Article history: Received 24 August 2014 Received in revised form 28 February 2015 Accepted 2 March 2015 Available online 10 March 2015 JEL classifications: C93 D01 D82 K42 PsycINFO classifications: 3120 3450 3660

Article history: Accepted 17 September 2013 JEL classifications: L13 L15

The inconclusiveness of findings from various studies on Nigeria the effect crude oil price fluctuation stock market has led to an argument in literature, thus necessitating further exploration subject. This study examines variations selected performance variables using monthly frequency data covering January 1997 December 2016. Variance decomposition, impulse response analysis, and VAR estimat...