The American Economic Review, Volume 96American Economic Association., 2006 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 308
... output - as a proxy for nominal marginal cost . The resulting measure of real marginal cost is labor's share of income ( nom- inal compensation divided by nominal output ) . A. Output Gap Model To forecast future values of the output ...
... output - as a proxy for nominal marginal cost . The resulting measure of real marginal cost is labor's share of income ( nom- inal compensation divided by nominal output ) . A. Output Gap Model To forecast future values of the output ...
Página 168
... output gap of 0.10 . Real wages , however , are exactly as volatile as labor productivity , and output adjusts quickly to shocks ( the ratio of standard deviations is 1.17 ) . The result concerning real wages can be derived from the ...
... output gap of 0.10 . Real wages , however , are exactly as volatile as labor productivity , and output adjusts quickly to shocks ( the ratio of standard deviations is 1.17 ) . The result concerning real wages can be derived from the ...
Página 346
0.006 0.004 0.002 TABLE 1 - FORECAST ERROR VARIANCE DECOMPOSITION OF MANUFACTURING OUTPUT 0 10 11 12 13 14 15 -0.002 -0.004 -0.006 -0.008 4 8 12 Manufacturing output 0.94 0.87 0.82 ( 0.18 ) ( 0.24 ) ( 0.26 ) GDP 0.04 0.09 0.13 ( 0.17 ) ...
0.006 0.004 0.002 TABLE 1 - FORECAST ERROR VARIANCE DECOMPOSITION OF MANUFACTURING OUTPUT 0 10 11 12 13 14 15 -0.002 -0.004 -0.006 -0.008 4 8 12 Manufacturing output 0.94 0.87 0.82 ( 0.18 ) ( 0.24 ) ( 0.26 ) GDP 0.04 0.09 0.13 ( 0.17 ) ...
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Free Markets and Fettered Consumers | 3 |
DOUGLAS W DIAMOND AND RAGHURAM G RAJAN | 30 |
CHRISTOPHER A SIMS AND TAO | 54 |
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