The American Economic Review, Volume 86American Economic Association., 1996 |
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Página 1137
... bank will elastically lend p , + R , dollars when pre- sented with evidence of debt promising R , dol- lars from debtors who have not arrived early at the central island . If private bankers are kept responsible for the uncontingent ...
... bank will elastically lend p , + R , dollars when pre- sented with evidence of debt promising R , dol- lars from debtors who have not arrived early at the central island . If private bankers are kept responsible for the uncontingent ...
Página 1139
... bank completely insulated from polit- ical pressures ? This question is at the heart of the continual tensions between the Federal Reserve and the U.S. Congress , as well as the recent discussions of central - bank independ- ence and ...
... bank completely insulated from polit- ical pressures ? This question is at the heart of the continual tensions between the Federal Reserve and the U.S. Congress , as well as the recent discussions of central - bank independ- ence and ...
Página 1152
... Bank Independence and Macro- economic Performance : Some Compara- tive Evidence . " Journal of Money , Credit , and Banking , May 1993 , 25 ( 2 ) , pp . 157- 62 . Banaian , King ; Burdekin , Richard C. K. and Willett , Thomas D. " On ...
... Bank Independence and Macro- economic Performance : Some Compara- tive Evidence . " Journal of Money , Credit , and Banking , May 1993 , 25 ( 2 ) , pp . 157- 62 . Banaian , King ; Burdekin , Richard C. K. and Willett , Thomas D. " On ...
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J VERNON HENDERSON Effects of Air Quality Regulation STANFORD UNIVERSITY | 814 |
A SelfSustaining System | 852 |
MARK O WILHELM | 874 |
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agents aggregate air quality American Economic Review analysis assume assumption average behavior bequests buyers capital carbon tax central banker coefficient contestant convergence cost countercyclical countries deadweight loss debt domestic dummy earnings effect efficient emissions equal equation equilibrium estimates fiat money Figure Finance firms foreign function garbage gifts global greenfield investment households impact implies income increase industry inflation inputs Institute International investment investors Journal of Economics labor liquidity constraint M₁ manager marginal measure ment migration monetary multifactor productivity multinationals Nash equilibrium nomic observed optimal output paper parameters percent percentage period price changes Price Is Right profits reciprocal exchange reduce regions regression relative Robert sample schooling Section sector seller shocks significant Solow residual standard deviation Statistics strategy Table tax rates technology shocks theory tion trade United University utility variables wage zero