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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Página 270
... observed inflation rate , process ( 3 ) becomes process ( 2 ) with observed infla- tion II , replacing observed prices P , and with the underlying inflation rate , replac- ing underlying prices pr A minimum mean squared error forecast ...
... observed inflation rate , process ( 3 ) becomes process ( 2 ) with observed infla- tion II , replacing observed prices P , and with the underlying inflation rate , replac- ing underlying prices pr A minimum mean squared error forecast ...
Página 271
... observed in the early phase of monetary expansions . Is ( 7 ) con- sistent with short - run regressivity of infla ... observed . The price level pre- dicted by ( 7 ) for the following period is P2 = Po + ( ^ 1 + λ1⁄2 + λ3 ) ( P1 − P ...
... observed in the early phase of monetary expansions . Is ( 7 ) con- sistent with short - run regressivity of infla ... observed . The price level pre- dicted by ( 7 ) for the following period is P2 = Po + ( ^ 1 + λ1⁄2 + λ3 ) ( P1 − P ...
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 per- cent 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 per- cent level of significance ...
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adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand function differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero