The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 641
... effect of inflation on capital intensity is seen in the total differential of ( 23 ) , subject to di = dπ : ( 25 ) db = ( B + kß ' ( 1 − r ) ƒ ” ) dk − kẞ'rλdπ The partial effect of an increase in inflation is to increase the demand ...
... effect of inflation on capital intensity is seen in the total differential of ( 23 ) , subject to di = dπ : ( 25 ) db = ( B + kß ' ( 1 − r ) ƒ ” ) dk − kẞ'rλdπ The partial effect of an increase in inflation is to increase the demand ...
Página 709
... effect tends to increase investment in the risky asset ( human capital ) , while the first , if absolute risk aversion is decreasing , acts to discourage investment in the riskier undertaking . If CARA obtains , the first effect is ...
... effect tends to increase investment in the risky asset ( human capital ) , while the first , if absolute risk aversion is decreasing , acts to discourage investment in the riskier undertaking . If CARA obtains , the first effect is ...
Página 734
... effect of " nonbalanced - budget " fiscal policy on the economy via its effect on 0 in greater detail . Stein says , " Within the context of this [ 1976b ] model , the entire monetarist - fiscalist ( neo - Keynesian ) controversy hinges ...
... effect of " nonbalanced - budget " fiscal policy on the economy via its effect on 0 in greater detail . Stein says , " Within the context of this [ 1976b ] model , the entire monetarist - fiscalist ( neo - Keynesian ) controversy hinges ...
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adjustment analysis applied assets assumed assumption average basic behavior capital consider constant consumer consumption cost countries defined demand determine discussion distribution domestic earnings Econ economic effect efficient equal equation equilibrium estimated example exchange rate existing expected experience Figure firm follows foreign function given growth hold implies important income increase individual industry inflation initial interest International investment issues labor less marginal mean measure ment Michigan monetary Note obtained optimal output percent period Ph.D planning positive possible preferences present problem production profits ratio reduces regulation relative respect risk saving share Social spells supply Table theory tion trade uncertainty unemployment United University utility utility function variable wage yields zero