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 648
... hold government bonds rather than the more risky claims to real capital . Under some conditions , an increased rate of saving could only be absorbed in increased cap- ital intensity if the rate of inflation could be permanently reduced ...
... hold government bonds rather than the more risky claims to real capital . Under some conditions , an increased rate of saving could only be absorbed in increased cap- ital intensity if the rate of inflation could be permanently reduced ...
Página 664
... hold also for the prices of securities . 14 B. Testable Implications In view of our preceding discussion , we can state in general that the CAPM , under stationary return distributions , implies a lin- ear homogeneous structure of ...
... hold also for the prices of securities . 14 B. Testable Implications In view of our preceding discussion , we can state in general that the CAPM , under stationary return distributions , implies a lin- ear homogeneous structure of ...
Página 879
... hold . Casual observation of ( 10 ) suggests that if investors with large risk tolerance have little precision in their assessments , and vice versa , then the variance in the consensus belief will be large , because in effect poor ...
... hold . Casual observation of ( 10 ) suggests that if investors with large risk tolerance have little precision in their assessments , and vice versa , then the variance in the consensus belief will be large , because in effect poor ...
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adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero