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 424
... substitution be negative semidefinite . Following Diewert ( 1974 ) we write the formula for the elasticities of substitution as 221 ӘРӘР ; av & Σ P арк av av ӘР , ӘР av k -2 Papp / 3-2 D3p Pr Σ k Σ ӘРӘРК ӘРӘРҜ av P ap + Σ Σ pap PAP / Σ ...
... substitution be negative semidefinite . Following Diewert ( 1974 ) we write the formula for the elasticities of substitution as 221 ӘРӘР ; av & Σ P арк av av ӘР , ӘР av k -2 Papp / 3-2 D3p Pr Σ k Σ ӘРӘРК ӘРӘРҜ av P ap + Σ Σ pap PAP / Σ ...
Página 620
... substitution by more than the marginal rate of substitution exceeds the marginal rate of transformation in the exchange rate and monetary policy mix . Consequently , it is not possible to demonstrate that either policy is superior ...
... substitution by more than the marginal rate of substitution exceeds the marginal rate of transformation in the exchange rate and monetary policy mix . Consequently , it is not possible to demonstrate that either policy is superior ...
Página 773
... substitution.2 II . Further Evidence on the Relationship between Spot and Forward Rates In my 1976 , 1977 , and 1979 ... substitution — the expected change in the exchange rate and the expected rate of inflation . They showed that the ...
... substitution.2 II . Further Evidence on the Relationship between Spot and Forward Rates In my 1976 , 1977 , and 1979 ... substitution — the expected change in the exchange rate and the expected rate of inflation . They showed that the ...
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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 functions 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 preferences 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