The American Economic Review, Volume 85,Edições 1-3American Economic Association, 1995 |
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... output and the nominal bill rate . We then perform counterfactual monetary - policy experiments with the model , assessing the effect of alter- native policies on competing policy objec- tives . Our conclusions are presented in Sec ...
... output and the nominal bill rate . We then perform counterfactual monetary - policy experiments with the model , assessing the effect of alter- native policies on competing policy objec- tives . Our conclusions are presented in Sec ...
Página 237
... output . Movements toward the other two corners of the policy grid yield predictable results . If policy emphasizes inflation at the expense of output , then output variance rises ; if pol- icy emphasizes output at the expense of ...
... output . Movements toward the other two corners of the policy grid yield predictable results . If policy emphasizes inflation at the expense of output , then output variance rises ; if pol- icy emphasizes output at the expense of ...
Página 501
... output growth . This arises from intersectoral labor flows , which enhance intertemporal substitution into and out of market employment . To understand how this works , it is useful to think about the response of market output to ...
... output growth . This arises from intersectoral labor flows , which enhance intertemporal substitution into and out of market employment . To understand how this works , it is useful to think about the response of market output to ...
Índice
Evidence? | 17 |
Dan Kovenock and Gordon Phillips | 403 |
The Effect of Institutions on Economic Behavior | 409 |
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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