Commerce

The railway problem : address of Mr. Franklin B. Gowen, on the position which the city of Philadelphia should occupy to the commonwealth of Pennsylvania, to its transportation lines, and to the railway problem of the day. Delivered upon the invitation of Citizens of Philadelphia at the Academy of Music. Thursday evening, June 16 1881.

This thesis examines the transmission of price
fluctuations between international trading partners. Once
the theoretical basis for the transmittal of fluctuations
was established, cross-spectral analysis was employed in
an empirical evaluation of price fluctuations between the
United States and Germany, the United Kingdom, France and
Japan. It was concluded that the price fluctuations in
any given country have a relationship to those of their
trading partners and that policy makers should take this
fact into consideration when instituting anti-inflationary
measures.