In this study, we examine the relationship between the U.S. real price of oil and factors that affect its movement over time: futures prices, the value of the dollar, exploration, demand, and supply. All of these variables are treated as jointly endogenous and a reduced form vector error...

The advent of rising immigration has spurred research into a number of important issues insofar as the indigenous labor market is concerned. Some of these issues regarding the nature of the effect on native workers have been studied extensively. Others, like the interrelationships among...