Books by Ray C. Fair

This book shows clearly and simply, through the use of a rich array of examples, how an astonishing host of diverse events can be explained and predicted by using the tools of the social sciences and statistics-from presidential elections and the rate of inflation to who of your friends is most likely to have an extramarital affair.

Using a multicountry econometric model, Fair examines several key issues, including the causes of inflation, how monetary authorities behave, how large is the wealth effect on aggregate consumption, whether European monetary policy has been too restrictive, and the stabilization costs to Europe of adopting the euro.