John L. Simpson

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We have taken advantage of the opportunity to revise to update and extend the data set. We are grateful to Steve Dunaway, Anne Jensen, and Ken Wood of the International Monetary Fund who helped assemble the data set, to Ananda Chanda and Freyan Panthaki for sterling research assistance, to Richard Parry for arranging an early informal discussion of the(More)
To investigate how a fixed exchange rate affects monetary policy, this paper classifies countries as pegged or nonpegged and examines whether a pegged country must follow the interest rate changes in the base country. Despite recent research which hints that all countries, not just pegged countries, lack monetary freedom, the evidence shows that pegs follow(More)
This study further develops a party to party gas price bargaining model (expanded in a research paper by Okugu, 2002) by using proxies of prices of these replacement fuels in OPEC spot oil prices and Henry Hub (HH) spot gas prices. The study finds a significant relationship between the variables. When optimally lagged data are analysed in a vector(More)
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