Nilanjan Patra

Long Run Relationship between Real Exchange Rate and Real Interest Rate Differentials: The Cointegration Approach

Despite the centrality of the theoretical relationship between real exchange rates and real interest rates differential in open economy macroeconomics, its empirical evidence, particularly when cointegration methods are used, is rather mixed. The study uses IFS, IMF data for India and US for the period of 1993:M04 to 2003:M09. It employs both Engle-Granger and Johansen tests for presence of cointegration. However, it could not found empirical support in favour of the above relationship. The result is robust for different measures of real interest rate differentials.

The Supply of Labour in Perfectly Competitive Market

It is an e-learning material for Graduate students of Economics. It derives supply curve of labour for an individual and for the market in a competitive set up.

Hicks and Slutsky Decomposition of Price Effect

It is a PDF version of powerpoint presentation of Hicks and Slutsky Decomposition of Price Effect. It also shows three types of demand curves on that basis. PPT file may be available on request.