The American Economic Review, Volume 70,Edições 3-5American 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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... observed inflation rate , process ( 3 ) becomes process ( 2 ) with observed inflation II , replacing observed prices P , and with the underlying inflation rate π , replacing underlying prices p1 . A minimum mean squared error forecast ...
... observed inflation rate , process ( 3 ) becomes process ( 2 ) with observed inflation II , replacing observed prices P , and with the underlying inflation rate π , replacing underlying prices p1 . A minimum mean squared error forecast ...
Página 271
... observed in the early phase of monetary expansions . Is ( 7 ) consistent with short - run regressivity of infla ... observed . The price level predicted by ( 7 ) for the following period is P2 = Po + ( ^ , + λ1⁄2 + λ3 ) ( P1 − Po ) ...
... observed in the early phase of monetary expansions . Is ( 7 ) consistent with short - run regressivity of infla ... observed . The price level predicted by ( 7 ) for the following period is P2 = Po + ( ^ , + λ1⁄2 + λ3 ) ( P1 − Po ) ...
Página 275
... OBSERVED INFLATION AND MODEL RESIDUALS FOR THIRTEEN - MONTH FORECASTS unity - individuals form their expectations on the basis of observed inflation rates . The F - test rejects this hypothesis at the 99 percent level of significance ...
... OBSERVED INFLATION AND MODEL RESIDUALS FOR THIRTEEN - MONTH FORECASTS unity - individuals form their expectations on the basis of observed inflation rates . The F - test rejects this hypothesis at the 99 percent level of significance ...
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adjustment analysis assets assumed assumption average behavior capital coefficient consider constant consumer consumption cost countries curve defined demand depends derived determined developed discussion distribution earnings Econ Economic effect efficient equal equation equilibrium estimates example exchange exist expected Figure firm follows foreign function given growth hold implies important income increase individual industry inflation initial interest International investment labor less marginal maximize mean measure ment monetary Note observed obtained optimal output percent period positive possible preferences present problem production profits quantity ratio reduced regulation relative respect risk saving share social substitution supply Table Theory tion trade unemployment United University utility utility function variables wage welfare workers yields zero