Directory UMM :Data Elmu:jurnal:I:Insurance Mathematics And Economics:Vol26.Issue1.2000:
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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
Its specification is that of McCallum (1987, 1988a).The model is used to examine (1) the implications for the path of nominal income of base rules using the home and total bases;
In Lindh and Malmberg (1998) age structure induced changes in the saving rate trigger an inflationary process unless the loan rate of interest is accommodating the changing
Constant V* is estimated as the mean of M2 over the period from 1960:1 to 1988:4; Estimate A allows for a one-time shift in the intercept; Estimate B allows for a time trend and
competitive threat across markets, as done by Armstrong and Vickers (1993), and the difference in market demands, we have found that banning price discrimination may encourage
As each country shapes its offer, its critical task is to estimate the fixed cost to the firm of producing on its site, relative to the fixed cost to the firm of producing on the
Keywords: Financial securities; Arbitrage; Farkas’ lemma; Bounded least norm problems; Steepest descent direction; Complementarity; Variational inequality; Saddle
Using some results from risk theory on comonotone risks and stop-loss order, we were able to show that the price of an arithmetic Asian option can be bounded from above by the price
