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 capital 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 capital 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 linear 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 linear 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 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