How does an increase in food prices at the border impact poverty in Uganda given the strong spatial heterogeneity of the country and its limited domestic transportation and communication networks? Recently, a number of studies on the impact of international food prices on poverty in developing countries have been published. However, the role of spatial price transmission in this context remains...

US domestic sugar prices have been maintained substantially above world prices engendering sugar substitutes (notably high fructose corn syrup, HFCS) to be sold at a discount to sugar Ð a discount of 10 Ð 30% (Greer, 1991; USDA, 1990). Sugar substitutes have been successful in capturing as much as 42% of the US caloric sweetener market by 1984 (Leu, Schmitz and Knutson, 1987). This paper invest...

We study optimal monetary policy for a small open economy in a model where both domestic prices and wages are sticky due to staggered contracts. The simultaneous presence of the two forms of nominal rigidities introduces an additional trade-off between domestic inflation and the output gap. We derive a second-order approximation to the average welfare losses that can be expressed in terms of th...

In a three-country oligopoly model, this paper analyzes two countries’ decisions concerning antidumping (AD) action against each other and the relationship between those decisions and the countries’ RTAs with the third-country. An RTA intensifies product-market competition in the domestic market and lowers product prices. This effect widens the dumping margin of the foreign firm and narrows the...

This paper analyzes the effect of foreign presence on the growth and survival of domestic firms. I separate the two opposing effects that foreign firms are expected to have on domestic firms: a negative “market stealing or crowding out” effect and a positive “technology spillover” effect. Unlike previous studies, however, which analyzed the spillover question by estimating firm production funct...

Ageing typically leads to various memory deficits which results in older adults' tendency to remember more general information and rely on gist memory. The current study examined if younger and older adults could remember which of two comparable grocery items (e.g., two similar but different jams) was paired with a lower price (the "better buy"). Participants studied lists of grocery items and ...

A static, generalized input± output framework for calculating simple multipliers is presented for Australian data. In this framework, capital investment and imports are internalized into domestic inter-industrial intermediate demand, non-square matrices are introduced in order to enable the inclusion of ® ner detail commodity data, and matrices in both monetary and physical units are employed. ...

This paper empirically determines why, during the 1990s, inflation in Canada was consistently more stable than predicted by the fixed-coefficients Phillips curve. A time-varying-coefficient model, where all the parameters adjust simultaneously, shows that the behaviour of expectations was probably a major contributing factor. A decrease in the value of the coefficient on the first difference of...

Intraday currency futures prices react to both surprises in the federal funds target rate (the target factor) and surprises in the anticipated future direction of Federal Reserve monetary policy (the path factor) in similar magnitude, and the reaction is short-lived. Dollar-denominated currency futures prices drop significantly in response to positive surprises (i.e., unexpected increases) in t...