The American Economic Review, Volume 97American Economic Association., 2007 |
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... countercyclical along the optimal path , i.e. , Ro > R1 . 10 All propositions relate to interior solutions where R & D is always positive . An earlier version of this paper dealt with corner cases . One can typically guarantee an ...
... countercyclical along the optimal path , i.e. , Ro > R1 . 10 All propositions relate to interior solutions where R & D is always positive . An earlier version of this paper dealt with corner cases . One can typically guarantee an ...
Página 1150
... countercyclical , i.e. , Ro ( k ) > R1 ( k ) for all limiting values of k . This suggests the procyclical bias in R ... countercyclical . One caveat in comparing the equilibrium and optimal paths for R & D is that the two differ not only ...
... countercyclical , i.e. , Ro ( k ) > R1 ( k ) for all limiting values of k . This suggests the procyclical bias in R ... countercyclical . One caveat in comparing the equilibrium and optimal paths for R & D is that the two differ not only ...
Página 1183
... countercyclical inven- tory - sales ratio in the absence of imperfect com- petition . The puzzle , they emphasize , is not that inventory investment is procyclical , but rather that it is not sufficiently so as to keep inven- tory ...
... countercyclical inven- tory - sales ratio in the absence of imperfect com- petition . The puzzle , they emphasize , is not that inventory investment is procyclical , but rather that it is not sufficiently so as to keep inven- tory ...
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EDMUND S PHELPS | 541 |
O 2 0 2007 | 713 |
ALMA COHEN AND LIRAN EINAV | 745 |
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