essays in monetary economics

... and so increase consumption only gradually in response to an increase in expected income. In the absence of capital adjustment costs, individuals spend the increase in expected income on investment ... following an increase in the nominal short rate. Since households must take on a mortgage to consume housing, the rise in the real interest rate reduces the share of residential inv...

Ngày tải lên: 03/06/2014, 01:26

Ngày tải lên: 18/02/2014, 11:20

... an increase in the money growth rate is associated with a reduction in the steady state in ation rate. In all of this prior work involving the stability of monetary equilibria in overlapping generations ... for interest rates: r t+1 = d in (c in +  in r a) + d in   in k +  in r b  k t (2.6) The mapping from agents’PLM (2.4) to the ALM (2.6) is given by the T-map: T...

Ngày tải lên: 03/06/2014, 02:19

... gives the marginal cost of increasing the number of offenses, 0: in equation (21) through a reduction infand in (22) through a reduction in p. Since C' > 0 and 0 is assumed to be in a region ... interesting interpretation of the presumed greater response to a change in the probability than in the punishment. An increase in p) "compensated" by an equal percentag...

Ngày tải lên: 20/02/2014, 19:20

Ngày tải lên: 07/03/2014, 02:20

Ngày tải lên: 23/03/2014, 05:23

Ngày tải lên: 30/03/2014, 01:20

... to minimize the effects of learning and cultural context and to study behavior based mostly on reasoning. This approach of isolating reasoning could offer general insights into decision-making in ... actions in the same game. In this way the decision situations in C were formally identical (within the expected utility framework) to the games played in A a nd B. In order to determine...

Ngày tải lên: 03/06/2014, 01:07

... permission of the copyright owner. Further reproduction prohibited without permission. Essays in development economics and finance Yoong, Joanne ProQuest Dissertations and Theses; 2008; ProQuest Central pg.

Ngày tải lên: 03/06/2014, 01:16

... the copyright owner. Further reproduction prohibited without permission. Essays in environmental economics Ashenmiller, Bevin Meredith ProQuest Dissertations and Theses; 2006; ProQuest Central pg.

Ngày tải lên: 03/06/2014, 01:18