Directory UMM :Data Elmu:jurnal:J-a:Journal of Economics and Business:Vol52.Issue1-2.Jan2000:
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When forecasts adjusted slowly to the announced policy change because of adaptive expectations or partial credibility, we found that the central bank undertook a greater degree
We generate the inflation-output variability frontiers, as introduced in Taylor (1979), to investigate the effects of a particular characterization of potential output uncertainty
In this paper we simulate the behavior of a population of boundedly rational agents in a two good economy where all agents can spend their time budget for the production of one or
In a simulation experiment, the APSIM Nwheat model was used with historical weather data to study the relationship between rate and timing of N fertiliser and grain yield, grain
The application presented in this paper stresses the potential of the proposed approach, if used on a larger farm sample, to compare the expected impact of di ff erent water
In a standard one-period expected utility framework and with an unbiased futures or options market, it turned out that a risk averse firm would prefer access to a futures market..
We show that our dynamic efficiency wage can be greater, lower or equal to the static one (for which the elasticity of effort with respect to wage is unitary) depending on a trade
However, little if any attention has been given to the bias that arises when an estimate of the asymptotic variance is used to approximate the small sample variance1. In this paper
