Review of Economic Analysis  

Michael B. Devereux

Between 2002 and 2008, the Canadian dollar appreciated in real terms against the US dollar by 60 percent. This large change in real exchange rates between such major trading partners as Canada and the US is almost unprecedented. This paper explores the hi... see more

Russell Davidson

Extensions are presented to the results of Davidson and Duclos (2007), whereby the nullhypothesis of restricted stochastic non dominance can be tested by both asymptotic andbootstrap tests, the latter having considerably better properties as regards both ... see more

David Laidler

In today's discussions of central banking, maintaining macro-financial stability has only recently appeared along-side the pursuit of low inflation as an important policy goal. This is in strong contrast to the earlier literature, where financial stabilit... see more

Luca Lambertini

The monopolist’s incentives towards product proliferation are evaluated in an optimal controlmodel considering three alternative regimes: profit-seeking; social planning; and ahybrid case with monopoly pricing and a regulator setting product innovation to... see more

Arnold Zellner

S. James Press’s many contributions to statistical research, lecturing, mentoring students, the statistics profession, etc. are summarized. Then some new developments in Bayesian analysis are described and remarks on the future of Bayesian analysis are pr... see more