Browsing The Economic and Social Review, Vol. 25, No. 1, October, 1993 by Date of Publication

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  • The optimum level of reserves in an exchange rate target zone 

    Hurley, Margaret; McCormack, Pat; O'Brien, Stuart (Economic & Social Studies, Dublin, 1993)
    The target zone exchange rate literature, initiated by Krugman (1991), has relevance for the question of what is the optimal level of reserves. In particular, Krugman and Rotemberg (1990) show that there is a well defmed ...

  • Quantifying the non-stationarity in Irish real exchange rates 

    Wright, Jonathan H. (Economic & Social Studies, Dublin, 1993)
    Empirical work, both in Ireland and elsewhere, has found little evidence for the proposition that log-real exchange rates are stationary, implying that the purchasing power parity (PPP) relation cannot hold, not even in a ...

  • Elections and macroeconomic outcomes in Ireland, 1948-91 

    Annett, Anthony M. (Economic & Social Studies, Dublin, 1993)
    This paper tests the main politico-economic theories of the relationships between elections and macroeconomic outcomes using Irish data over the period 1948-91. The results suggest that Fianna Fail governments have been ...

  • Competition policy and employment: an application to Ireland 

    Fingleton, John (Economic & Social Studies, Dublin, 1993)
    This paper models an open economy with a competitive traded sector and a monopolistic non-traded sector. Competition policy in the non-traded sector can reduce the price of traded goods and increase welfare but only if the ...

  • Adjusting from war to peace in 1940s Britain 

    Crafts, N. F. R. (Economic & Social Studies, Dublin, 1993)
    Most assessments of British economic policy in the transition from war to peace after 1945 praise the strategy adopted. This paper draws on recent growth theory and analysis of eastern European liberalisation to argue ...

  • Logistic transformation of the budget share in Engel curves and demand functions 

    Conniffe, Denis (Economic & Social Studies, Dublin, 1993)
    Models relating the budget share of a commodity to (the logarithms) of income and prices are popular in the analysis of household budget survey data and of time series data on commodity expenditures. This paper shows that ...

  • Schooling and earnings in the UK ? Evidence from the ROSLA experiment 

    Harmon, Colm; Walker, Ian (Economic & Social Studies, Dublin, 1993)
    Recent work by Angrist and Krueger (1991,1992) utilised an "experiment" to distinguish an individual's return to schooling where additional schooling is by choice compared to the return when extra schooling is compulsory. ...