The relevance of domestic and foreign capacity utilization rates in forecasting
future inflation rate has been investigated empirically, using five industrialized
countries for which the comparable data are available.
It has been found that capacity utilization rates, both domestic and foreign,
have a long run stable relationship with domestic inflation...
This dissertation addresses two main issues involving alcohol markets. In the first, we employ both parametric and nonparametric methods to analyze the market structure and estimate the degree of market power in the U.S. brewing industry. In the nonparametric case, we use the variations in the excise tax to test...