[PDF] Top 20 Directory UMM :Data Elmu:jurnal:E:Economics Letters:Vol66.Issue1.Jan2000:

... The model we use here is a simplified version of a search model that is presented in Pissarides (1985) and contains a monocentric city structure presented in Alonso (1964). There are a fixed number of regions (which is ... Lihat dokumen lengkap

... Another interesting implication of Proposition 2 is that the dynamic efficiency wage (14) can be greater , equal or lower than the static one (in which ´ w 5 1). This result contradicts that of Barnerji and Gupta (1997) ... Lihat dokumen lengkap

... An evaluation of the last term proceeds from putting V 2 5 W 1 e t 1 9 where W and e 1 are independent. The required analysis is straightforward but lengthy and so is not included here. The authors will ... Lihat dokumen lengkap

... In conclusion, the inference from previous simulations that the optimal tax function may belong to a narrow class has been shown to be invalid. The model does not restrict the qualitative structure in any way beyond that ... Lihat dokumen lengkap

... In both examples, any change in uncertainty from Fa to a centrally dominant distribution causes every risk averse or risk neutral decision maker to reduce activity x, which reduces the m[r] ... Lihat dokumen lengkap

... Five data generation processes (DGPs) that share the following characteristics were included in the experiments: we consider 11 dimensional hX t j processes ( g 5 5, k 5 6), integrated of order 1, cointegrated of ... Lihat dokumen lengkap

... price. Data from a survey of New Zealand firms is then used to measure price rigidity: (i) by an estimate of price duration, defined as the average length of time between successive price changes and (ii) by price ... Lihat dokumen lengkap

... In economics, although proportional hazard models do seem to be the natural choice as a first approximation, there are actually no theoretical reasons to assume proportionality (Lancaster, ... Lihat dokumen lengkap

... monthly data on seasonally adjusted personal consumption expenditure in the US for the period 1959–1993 from the Bureau of Economic Analysis (BEA) of the US Department of ... Lihat dokumen lengkap

... www.elsevier.com / locate / econbase Maxmin expected utility through statewise combinations * Ramon Casadesus-Masanell, Peter Klibanoff, Emre Ozdenoren Department of Managerial Economi[r] ... Lihat dokumen lengkap

... Economics Letters 66 2000 55–58 www.elsevier.com / locate / econbase Sunk cost effects: a test of the importance of context * Kevin Keasey , Philip Moon The University of Leeds Busi[r] ... Lihat dokumen lengkap

... Previous studies have not examined the structural stability of these regressions. We tested for stability using recursive regressions and the one-step Chow test (Ericsson et al., 1991, pp. 26–27). Because the one-step ... Lihat dokumen lengkap

... Many central bankers and economists have paid close attention to the so-called ‘inflation targeting’ in recent years (see, for example, Bernanke and Mishkin, 1997; Cecchetti, 1998; Bernanke et al., 1999; and a series of ... Lihat dokumen lengkap

... the given forward price at date 0 for the delivery of one unit of foreign exchange at date 1. Just as the output level X, the volume of the futures contract Z has to be determined by the firm ex ante. It f chooses X and ... Lihat dokumen lengkap

... The data series cover a period of 12 years (1985–96). All variables are in constant prices and dollars with 1990 as the base year. Bilateral export data were taken from OECD Statistics of Foreign Trade. ... Lihat dokumen lengkap

... The results suggest that, with the deregulation of the Japanese financial system, the interest rate elasticity of money demand has declined in absolute value in recent years, contrary to[r] ... Lihat dokumen lengkap

... The uncertainty about how accurately estimates from unobserved-component models reflect the “true” level of potential output has been shown in Kuttner (1994) to arise from two sources. The first is “filter” or “signal ... Lihat dokumen lengkap

... Moreover, reinforcing combinations of these and other mechanisms are not at all unlikely. Net borrowers are mostly young people with a high relative demand for consumer durables and housing, while retirees consume either ... Lihat dokumen lengkap

... underlying data, in constructing our tree-based estimates, we do not need to take a stand on whether the relationship between velocity and opportunity costs is linear or ...on data from the entire sample ... Lihat dokumen lengkap

... Comparison with Orphanides and Porter Whereas we seek to identify structural break dates based on rigorous estimation and testing procedures, Orphanides and Porter seek to estimate the [r] ... Lihat dokumen lengkap