Directory UMM :Data Elmu:jurnal:L:Labour Economics:Vol7.Issue4.Jul2000:
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Thus, if the representative investor’s intertemporal elasticity of substitution is low, the real value of equity claims to future dividends is higher if the monetary authority
The paper constructs a theoretical model to show that the reduced-form relationship between the paper-bill spread and its determinants is sensitive to the substitutability between
In the search model, an increase in government spending unambiguously raises hours worked per worker, but may increase or decrease the capital stock and employment!. The
This path of inquiry highlights at least three interesting research questions: (1) what is the level of asset specificity and/or environmental uncertainty at which relational
In this study, the five hypotheses examined are: (1) that the MDF is homogeneous of degree one with respect to the price level; (2) that the long-run real income elasticity of
VOL (stock return volatility measure) is the absolute value of the return conditional on its 14 lags and weekday dummies; NT (Number of Trades) is the number of NYSE transactions
The performance of the trusts is evaluated relative to two benchmark portfolios (S&P 500 and three index model [3-Factor]) using the unconditional Jensen (1968) measure and
If, instead, investment is subject to increasing returns to scale, it becomes desirable to concentrate investments, and the market game has asymmetric solutions, where bidders
