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 644
... Saving , and Aggregate Demand The three - asset growth model can be used to analyze the effects of an exogenous increase in the saving rate.20 The most important issue to be examined is the possibility of excess saving . Under quite ...
... Saving , and Aggregate Demand The three - asset growth model can be used to analyze the effects of an exogenous increase in the saving rate.20 The most important issue to be examined is the possibility of excess saving . Under quite ...
Página 648
... saving rate and the possibility of " excessive saving . " The problem of excessive saving arises when the yield on capital becomes so low that individuals prefer to hold government bonds rather than the more risky claims to real capital ...
... saving rate and the possibility of " excessive saving . " The problem of excessive saving arises when the yield on capital becomes so low that individuals prefer to hold government bonds rather than the more risky claims to real capital ...
Página 1001
... saving decisions . Thus , the inflation adjusted , as opposed to the conventionally , measured value of the saving rate is the appropriate variable to use in an empirical study of saving behavior . III . Conclusions : The U.S. Personal ...
... saving decisions . Thus , the inflation adjusted , as opposed to the conventionally , measured value of the saving rate is the appropriate variable to use in an empirical study of saving behavior . III . Conclusions : The U.S. Personal ...
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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