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 839
... share prices to rise during a decade of substantial inflation . Indeed , the share value per dollar of pretax earnings actually fell from 10.82 in 1967 to 6.65 in 1976. The analysis here indicates that this inverse relation between ...
... share prices to rise during a decade of substantial inflation . Indeed , the share value per dollar of pretax earnings actually fell from 10.82 in 1967 to 6.65 in 1976. The analysis here indicates that this inverse relation between ...
Página 840
Inflation Rate π1 Πο Rate of Share Price Increase Ratio of Share Price to Pretax Earnings to to to FIGURE 1 Time t because inflation raises the rate of interest that can be earned by investing in bonds . It is clear that this argument ...
Inflation Rate π1 Πο Rate of Share Price Increase Ratio of Share Price to Pretax Earnings to to to FIGURE 1 Time t because inflation raises the rate of interest that can be earned by investing in bonds . It is clear that this argument ...
Página 841
... share do not grow over time and there is no change in the value per share . The individual pays personal tax at rate on the earnings that he receives . The individual's net earnings per share are thus ( 1-0 ) ( 1 − T ) p . A simple ...
... share do not grow over time and there is no change in the value per share . The individual pays personal tax at rate on the earnings that he receives . The individual's net earnings per share are thus ( 1-0 ) ( 1 − T ) p . A simple ...
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Palavras e frases frequentes
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
Informação bibliográfica
| Título | The American Economic Review, Volume 70 The American Economic Review, American Economic Association |
| Colaborador | American Economic Association |
| Editora | American Economic Association., 1980 |
| Original de | Universidade da Califórnia |
| Digitalizado | 9 Jul 2008 |
| Exportar citação | BiBTeX EndNote RefMan |