Books in the International Studies in Economic Modelling series

Alberto Heimler and Daniele Meulders In the last decade the modelling of the interrelationship between public finance and the rest of the economy has seen substantial advances, reflected in many of the papers delivered to the Applied Econometrics Association Conference held at Confindustria, Rome, on 30 November and 1 December 1989.

Continuous-time econometrics is no longer an esoteric subject although most still regard it as such, so much so that it is hardly mentioned in standard textbooks on econometrics.

OPEC was founded - rather unnoticed - by oil-producing countries still struggling to gain control over national petroleum resources. The foremost aim of the new organization - years before it was able to make metropolitan newspaper headlines - was stabilizing oil prices.

The several areas where I see advances being made, some of which the International Commodity Markets Division of the World Bank has taken part in, are the following: (a) in the theoretical specification of commodity price behaviour;

OPEC was founded - rather unnoticed - by oil-producing countries still struggling to gain control over national petroleum resources. The foremost aim of the new organization - years before it was able to make metropolitan newspaper headlines - was stabilizing oil prices.

Alberto Heimler and Daniele Meulders In the last decade the modelling of the interrelationship between public finance and the rest of the economy has seen substantial advances, reflected in many of the papers delivered to the Applied Econometrics Association Conference held at Confindustria, Rome, on 30 November and 1 December 1989.

Continuous-time econometrics is no longer an esoteric subject although most still regard it as such, so much so that it is hardly mentioned in standard textbooks on econometrics.

It is generally agreed that the operation of the labour market lies at the heart of macroeconomic activity. Following Keynes' attack on the postulates of the classics in The General Theory a number of labour market paradigms have been proposed including the Phillips curve, new classical and union bargaining models.