Our paper aims at testing the intertemporal substitution hypothesis (ISH) for small and
medium enterprises (SMEs) in Bosnia and Herzegovina. The hypothesis predicts a positive …

The usual neoclassical model of labor supply and employment determination has been
based in closed economy models. This paper studies the effect of introducing open …

My thesis consists of three essays on interest (and to a lesser extent, capital and monetary)
theory. The investigation is primarily in the history of thought, although I make occasional …

This book answers some challenging questions in monetary growth theory within a compact
theoretical framework. The author succeeds in integrating the theory of money, the theory of …

This paper analyzes the determinants of labor market performance in Algeria. When the
model is estimated with panel data on a sample of MENA and transition countries for 1995 …

THE INTERTEMPORAL SUBSTITUTION HYPOTHESIS (ISH) stands as one of the central
theories of labor supply. Card (1991) states that the life cycle model of hours choice has …

The link between human capital and economic growth still remains unexplained because of
the measurement issues connected to the human capital stock. This study investigates the …

In this paper I analyze the co-variation of the fiscal deficit and inflation in a simple perfect
foresight model that incorporates low-and high-wage cycles of equal depth and duration …

THE EFFECTS OF NOMINAL WAGE CONTRACTING continue to be a source of concern to
researchers in macroeconomics. As Mankiw (1990) points out, a substantial number of …

We analyse how money as a store of value affects the decisions of a representative
household under diversifiable and non-diversifiable risks given that the central bank …