Directory UMM :Data Elmu:jurnal:I:International Review of Economics And Finance:Vol10.Issue1.2001:
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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;
has effects not through the rate of interest (variations in real rates of interest until recently have been too small to account for much of the variability in investment or
From this point of view, the federal level of government is ill prepared to ensure fairness in taxation with respect to either form of ecological taxation discussed here.. However,
The presence of an explicit constitutional protection against unreasonable search and seizure does not have an independently significant effect on human rights but does affect
Lehn and Poulsen (1991), commenting on Crabbe’s results, identify this bias as they state, “unfortunately, these are conservative estimates since the presence of event-risk cove-
Keywords: Financial securities; Arbitrage; Farkas’ lemma; Bounded least norm problems; Steepest descent direction; Complementarity; Variational inequality; Saddle
I use a dynamic model with an optimizing representative agent to explore the role that transaction costs might play in engendering a relationship between real stock returns and
