Long-run money demand in Canada: in search of stability

Article Abstract:

Empirical analysis was conducted to discover long-run co-integrating links among real income (or wealth), the opportunity cost variables of short-term or long-term interest rates and money balances or the demand for money in Canada. Results support to some extent a long-run relation to gross domestic product, the measure of real money known as M1 and a short-term interest rate that exhibited stability over the period 1953-1990.

Interest rates, Money demand, Circular velocity of money

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The dependence of pay-performance sensitivity on the size of the firm

Article Abstract:

Firm size influence the pay-performance sensitivity of executives. A simple linear agency-theoretic model of executive pay revealed that chief executive officer (CEO) pay-performance sensitivity is inversely proportional to the square root of company size. Such kind of relationship also holds when it comes to the properties of pay-performance sensitivity for group of executives.

Economics, Research and Development in the Social Sciences and Humanities, Performance

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The effect of income taxes on household income

Article Abstract:

Income inequality increased during the 1980's, and that period's economic growth was influenced by both nontax and tax factors. In this paper, the 1986 Tax Reform Act is used as a starting point to explore those factors.

United States, Science & research, Econometrics & Model Building, Statistical Data Included, Tax law, Economic aspects, Econometrics, Income tax, Business models

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