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Output of each nontraded good must equal consumption plus investment of that good within the 18 We assume that the household faces a complete contingent - claims market . More specifically , contracts can be written contingent on ...
Output of each nontraded good must equal consumption plus investment of that good within the 18 We assume that the household faces a complete contingent - claims market . More specifically , contracts can be written contingent on ...
Página 225
Yet the p value for the restriction that the bill rate and inflation enter with equal and opposite signs in the cointegrating vector described in Subsection I - B is 2.2 × 10-4 . This is yet another reason why we find it difficult to ...
Yet the p value for the restriction that the bill rate and inflation enter with equal and opposite signs in the cointegrating vector described in Subsection I - B is 2.2 × 10-4 . This is yet another reason why we find it difficult to ...
Página 573
( iii ) If y1 + y2 equals some constant ỹ with probability 1 , then the first - best can be achieved by setting d2 ... is a strictly increasing function , then the first - best can be achieved by setting d2 equal to y1 + g ̄ ̄1 ( i ) .
( iii ) If y1 + y2 equals some constant ỹ with probability 1 , then the first - best can be achieved by setting d2 ... is a strictly increasing function , then the first - best can be achieved by setting d2 equal to y1 + g ̄ ̄1 ( i ) .
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Índice
Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
Direitos de autor | |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers