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...

Iraq’s economy has undergone a number of profound changes over the last several decades, many of which have had significant implications for the manner in which the country’s informal economy has evolved. The statist, heavy-handed economic policies of the Ba'athist government concentrated much of Iraq’s productive capacity in nationalized factors, which degraded under the sanctions regime of th...

a r t i c l e i n f o This study addresses the impact of equity market liquidity on Canadian economic growth and investigates how consumer attitudes/sentiments affect the dynamic macro-liquidity relationship. Using various market liquidity proxies (e.g., illiquidity ratio and open interest of equity futures) while controlling for a specific set of variables, we obtain the following main results...