The American Economic Review, Volume 85,Edições 1-3American Economic Association, 1995 |
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Página 155
... given by ( 4 ) - π = M + V − yɛ where is interpreted as either a control error or a velocity shock , and the term yɛ allows aggregate supply shocks to have a direct negative impact on inflation . The stochastic shock u is taken to be ...
... given by ( 4 ) - π = M + V − yɛ where is interpreted as either a control error or a velocity shock , and the term yɛ allows aggregate supply shocks to have a direct negative impact on inflation . The stochastic shock u is taken to be ...
Página 163
... given as the solution to ( 22 ) n ( e - e ) = √ ( a− e ) σ ? + n ( a − a ) . The level of effort that solves ( 22 ) satisfies the second - order condition for a minimum of the government's objective function . In this case , ( 22 ) ...
... given as the solution to ( 22 ) n ( e - e ) = √ ( a− e ) σ ? + n ( a − a ) . The level of effort that solves ( 22 ) satisfies the second - order condition for a minimum of the government's objective function . In this case , ( 22 ) ...
Página 313
... given by ( 2 ) x = c * / c . Therefore , a total of ( 3 ) [ ° ̊ ( e / c ) dc = ( c * ) 2 / 2ē = H is invested in human capital . Denoting the initial endowment by I , the endogenously determined stock of physical capital ( K ) is given ...
... given by ( 2 ) x = c * / c . Therefore , a total of ( 3 ) [ ° ̊ ( e / c ) dc = ( c * ) 2 / 2ē = H is invested in human capital . Denoting the initial endowment by I , the endogenously determined stock of physical capital ( K ) is given ...
Índice
Evidence? | 17 |
Dan Kovenock and Gordon Phillips | 403 |
The Effect of Institutions on Economic Behavior | 409 |
Direitos de autor | |
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aggregate analysis assume average behavior benefits bill rate Bretton Woods Cambridge cartels central bank cheap talk choice coefficient consumption contract correlation cost countries deutsche mark drug effect employment equation estimates evidence expected fiat money firms forecast genotype growth households human capital hypothesis implies incentive income increase individual industry inflation investment Journal of Economic labor market lagged liquidity constraints marginal Medicaid ment minimum wage monetary policy monomorphic Nash equilibrium National nomic nontraded null hypothesis optimal output paper payoff function percent player political population preferences problem quota ratio reduce regression relative Research response revenue risk Robert sample sector shocks significant social Solow residuals spending statistically strategy studies supply shocks symmetric Nash Table tax rates theory tion tive trade University utility variables voters welfare workers y₁ zero