Directory UMM :Data Elmu:jurnal:I:Insurance Mathematics And Economics:Vol27.Issue3.2000:
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The results from the historical decomposition of time series of industrial production, prices, money supply, liabilities of failed businesses, and the deposits of failed banks
Motivated by Feder’s two-sector model concerning exports and growth, this article intends to propose a dynamic framework, which bases on the production function theory and consists
The main results obtained are: sector-specific migration of labor may raise domestic welfare, while with capital accumulation such migration necessarily raises the relative price of
The policy parameters, the annual money growth rate (or the inflation tax rate) p˙ ( 5 ( z 2 1)/5), and capital gains tax rate t , are calibrated so that the model can predict how
(The fact that they are self-financing means that each investment opportunity also involves a short position in some benchmark, such as cash, which is used to finance the
Although a more complete discussion of the impacts of the various assumptions would have made the chapter better, the current contents of this chapter should be useful both
In Table 1, for example, for a level of credit risk of 5 percent (a value of credit risk that is considerably above average but well within quarterly estimates for individual
In Section 2, we present the basic stochastic model. In Section 3, we define an index and a market based on this model and in Section 4, we introduce a payment process and an
