Herbert Grubel

Refereed Articles and Notes in Professional Publications


1.                 "Ricardo and Thornton on the Transfer Mechanism", Quarterly Journal of Economics, May 1961 

2.                 "The Adjustment Mechanism to Differential Rates of Monetary Expansion Among the Countries of the European Economic Community", Review of Economics and Statistics, November 1962 (R. Triffin, co-author)

 3.                 "A Multicountry Model of Forward Exchange: Theory, Policy and Empirical Evidence, 1955‑61", Yale Economic Essays, spring 1962

 4.                 "A Neglected Aspect of Forward Exchange Theory and Policy", The Journal of Finance, September 1963, "Reply" to a Comment, Ibid., September 1964

 5.                 "Personal Income Taxation and Choice of Professions", Quarterly Journal of Economics, February 1964     (D. Edwards. co-author) 

 6.                 "Foreign Exchange Earnings and Price Stabilization Schemes", American Economic Review, June 1964

 7.                 "Agricultural Policy and the Future of the Atlantic Community", Challenge, October 1964 

 8.                 "The Benefits and Cost of Being the World Banker", National Banking Review, December 1964, also published in Spanish in Centro de Estudios Monetarious Latino Americanos Suplemento al Boletin Quincenal (Mexico) Spring 1965; "Reply" to Comments, National Banking Review, March 1965; "Reply"  to Comments, National Banking Review, March 1965; Reprinted in The International Monetary System, Prentice Hall, 1969, L. Officer and T. Willett, editors

 9.                 "The Case Against a Commodity Reserve Currency", Oxford Economic Papers, March 1965

 10.            "Profits from Forward Exchange Speculation", Quarterly Journal of Economics, May 1965

 11.            "The Anatomy of Classical and Modern Infant Industry Arguments", Weltwirtschaftliches Archiv, December 1966

 12.            "Gold and the Dollar Crisis Five Years Later", National Banking Review, September 1965

 13.            "Non-Returning Students and the Cost of the Foreign Exchange Student Program", International Educational and Cultural Exchange, Spring 1966

 14.            "The International Flow of Human Capital", American Economic Review, Papers and Proceedings, May   1966 (Scott, co-author); Reprinted in The Economics of Education, Penguin Readings in Economics, 1969, M. Blaug, editor

 15.            "The Brain Drain: A U.S. Dilemma", Science, December 16, 1966; Reprinted in Vijnam Kaimee, Journal of the Association of Scientific Workers of India, April-May 1967

 16.            “Nominal Tariff Rates and United States Valuation Practices: Two Case Studies", Review of Economics and Statistics, May 1967 (H.G. Johnson, co-author)

 17.            "Intra-Industry Specialization and the Pattern of Trade", Canadian Journal of Economics and Political Science, August 1967; reprinted in Intra-Industry Trade, (Peter Lloyd, co-editor), The International Library of Critical Writings in Economics, 160, Cheltenham: Edward Elgar, 2003 

 18.            "Austrian, German and Swiss Economists in the United States", Kyklos, Vol. XXI, Fasc. 2, 1968 (M. Burge, co-author)

 19.            "The Characteristics of Foreigners in the U.S. Economics Profession", American Economic Review, March 1966 (Scott, co-author)

 20.            "The Immigration of Scientists and Engineers to the United States, 1949‑61", Journal of Political Economy, August 1966 (Scott, co-author)

 21.            "The Cost of U.S. College Student Exchange Programs", The Journal of Human Resources, November 1966 (Scott, co-author)

 22.            "Determinants of Migration: The Highly Skilled", International Migration, Volume V, No. 2, 1967 (Scott, co-author)  

 23.            "Nominal Tariffs, Indirect Taxes and Effective Rates of Protection: The Common Market Countries 1959", Economic Journal, 77, 308, December 1967 (H.G. Johnson, co-author)  

 24.            "Foreign Manpower in U.S. Sciences", Review of Income and Wealth, March 1968

 25.            "The Reduction of the Brain Drain: Problems and Policies", Minerva, Summer 1968

 26.            "Internationally Diversified Portfolios: Welfare Gains and Capital Flows", American Economic Review, December 1968; reprinted in International Investment, Penguin 1972, J. Dunning, editor

 27.            "Official Forward Exchange Intervention and Devaluation", Weltwirtschaftliches Archiv, December 1968

 28.            "The MBA Education Myth", Journal of Business, January 1969

 29.            "Flux and Reflux: The International Migration of Canadian Economists", Canadian Journal of Economics, June 1969 (A.D. Scott, co-author) 

 30.            "A Proposal to Provide Development Aid through Equity Investments and Mutual Funds", Economic Record, March 1970

 31.            "Foreign Scientists in the United States", Bulletin of the Atomic Scientists, February 1970

 32.            "The Theory of Optimum Currency Areas", Canadian Journal of Economics, May 1970

 33.            "Risk, Uncertainty and Moral Hazard", Journal of Risk and Insurance, March 1971

 34.            "The Interdependence of International Equity Markets", Journal of Finance, March 1971 (K. Fadner, co-author)

 35.            "Factor Substitution and Effective Tariff Rates", Review of Economic Studies, January 1971 (P.J. Lloyd, co-author)

 36.            "The Empirical Measurement of Intra‑Industry Trade", Economic Record, December 1971 (P.J. Lloyd, co-author)

 37.            "The Demand for International Reserves:  A Critical Review", Journal of Economic Literature, December 1971

 38.            "National Monetary Sovereignty Under Different Exchange Rate Regimes", Bulletin, New York University Graduate School of Business Administration, No. 78-79, January 1972 (P.B. Clark, co-author)

 39.            "Basic Methods for Distributing Special Drawing Rights and the Problem of International Aid", Journal of Finance, December 1972

 40.            "The Case for Optimum Exchange Rate Stability", Weltwirtschaftliches Archiv, 109, 3, 1973

 41.            "Taxation and the Rates of Return from Some U.S. Asset Holdings Abroad, 1960‑69", Journal of Political Economy, May-June, 1974

 42.            "Interest Payments and the Efficiency of the International Monetary System", Economic Notes, Vol. II, No. 3, September-December 1973 

 43.            "The Taxation of Windfall Gains on Stocks of Natural Resources", Canadian Public Policy, Vol. 1, No. 1, Winter 1975 (S. Sydneysmith, co-author)

 44.            "Real and Insurance‑Induced Unemployment in Canada", Canadian Journal of Economics, May 1975 (D. Maki and S. Sax, co-authors)

 45.            "The Effects of Unemployment Benefits on U.S. Unemployment Rates", Weltwirtschaftliches Archiv, 112, 2, 1976 (D. Maki, co-author); reprinted in Italian, Il Concetto di Occupazione-Disoccupaziore, P. Garonne, ed. 

 46.            "Domestic Origins of the Monetary Approach to the Balance of Payments", Princeton Essays in International Finance, No. 117, Princeton: Princeton University Press, 1976

 47.            "Reflection on the Present State of the Brain Drain and a Suggested Remedy", Minerva, XIV, 2, Summer 1976 

 48.            "Canada's Stake in the New International Economic Order", Canadian Public Policy, Summer, 1977 

 49.            "The Case Against the New International Economic Order", Weltwirtschaftliches Archiv, 2, 1977; also published in Reshaping the World Economic Order, H. Giersch, editor, Tuebingen, Germany: J.C.B. Mohr, 1977 and John Adams, editor, in The Contemporary International Economy, A Reader, New York: St. Martin’s Press, 1979, 482-501

 50.            "The Peter Principle and the Efficient Market Hypothesis", Financial Analysts Journal, Dec. 1979 

 51.            "Nominal and Real Yields on International Reserve Assets", Kyklos, Dec. 1977 (P. Callier and S. Easton, co-authors) 

 52.            "A Theory of Multinational Banking", Banca Nazionale del Lavoro, Dec. 1977 

 53.            "Ricardian Rent and the Minerals Industry", Canadian Tax Journal, Dec.  1979 and "The Debate Concludes", Nov.-Dec. 1980 

 54.            "Citation Counts for Leading Economists", Economic Notes, 2, 1979, pp. 134-45 

 55.            "Citation Counts for Economists Specializing in International Economics: A Tribute to the Memory of Harry G. Johnson", Malayan Economic Review, April 1980, pp. 1‑18 

 56.            "International Trade in Used Cars and Economic Development", Economic Development, Oct. 1980, pp. 781-88 

 57.            "Canadian Economists' Citation and Publication Records", Can. J. of Higher Education, XI-1, 1981, pp. 27-43 

 58.            "A Note on the Effects of Unemployment Insurance, Minimum Wage Legislation and Trade Union Growth on Reported Unemployment Rates in Canada, 1950-75", Relations Industrielle-Industrial Relations, 36, 4, 1981 (D. Maki, co-author) 

 59.            "Towards a Theory of Free Economic Zones", Weltwirtschaftliches Archiv, 118, 1, 1982, pp. 39‑61

 60.            "Reflections on a Canadian Bill of Economic Rights", Canadian Public Policy, VIII-1, Winter 1982, pp. 57-68 

 61.            "The Cost of Protection in a Growing World", Kyklos, 1983 (Steve Easton. co-author) 

 62.            "Canadian Monetary Policy as a Reflection of Major Trends in Economic Theories 1951-81", Western Economic Review, 1983 

 63.            "Free Economic Zones, Good or Bad?", Aussenwirtschaft, 1983 

 64.            "The New International Banking", Banca Nazionale del Lavoro, 146, Sept. 1983 

 65.            "Bonus Pay Systems for Greater Economic Stability", Canadian Public Policy, June 1984 (Zane Spindler, co-author) 

 66.            "Multinational Banking", ASEAN Economic Research Unit, Research Notes and Discussion Paper No.56, Singapore:  Institute of Southeast Asian Studies, 1985

 67.            "Bonus Pay Systems and Wage Flexibility in Singapore", ASEAN Economic Bulletin, March 1986 (Chee Yuen Ng, co-author)

 68.            "On the Efficient Use of Mathematics in Economics", Kyklos, 1986 (L. Boland, co-author)

 69.            "Capitalism Needs Risk, not Profit-Sharing", Kyklos, 40, 2, 1987

 70.            "All Traded Services are Embodied in Materials or People", The World Economy, 10, 3, September 1987; reprinted in Hans Singer, Neelambar Hatti and Rameshwar Tandon, editors, Trade in Services, New World Order Series 14, New Dehli: B.R Publishing Corporation, 1999, 19-36

 71.            "Drifting Apart:  Canadian and US Labor Markets", Contemporary Policy Issues, Spring 1988

 72.            "Prospects for Canada-US Free Trade", Contemporary Policy Issues, Fall 1988

 73.            "The National Accounts, Household Service Consumption and Its Monetization", Kyklos, 42-1989/1 (D. Hammes and J. Rosa, co-authors)

 74.            Economic Freedom and Human Welfare: Some Empirical Findings”, The CATO Journal, 18, 2, 1998

 75.            “Using Cash Rebates for Tax Relief Without Risk”, (Michael Walker, co-author), Public Policy Sources, 19, Vancouver: The Fraser Institute, 1999

 76.            “The Merit of a North American Monetary Union”, Journal of North American Economics and Finance, 11, 2000, pp.19-40

 77.            “Canada’ Exercise of National Monetary Sovereignty: Beneficial or Harmful?”, Current Politics and Economics of Europe, Volume 17, Number 1, 2006, 127-147

 78.       "Small Country Benefits from Monetary Union", Journal of Policy Modeling, Special Issue: The Euro, the Dollar and the International Monetary System, Dominique Salvatore, editor, 2005, 509-23

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