JER, 第 6 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 1999 |
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第 149 頁
... holdings at any instant time . In order to change its money holdings instantaneously , the family must sell or purchase other assets . However , since there is only one representative family in the economy , the family cannot trade ...
... holdings at any instant time . In order to change its money holdings instantaneously , the family must sell or purchase other assets . However , since there is only one representative family in the economy , the family cannot trade ...
第 150 頁
... holdings satisfies MT + = Мт MT + G ΕΙ = El = MT- , where MT + = Mr + / E1 and mr_ = MT- / E ° . Thus , there is no change in the amount of real money holdings at time T. If the cash - in - advance constraint is binding , the ...
... holdings satisfies MT + = Мт MT + G ΕΙ = El = MT- , where MT + = Mr + / E1 and mr_ = MT- / E ° . Thus , there is no change in the amount of real money holdings at time T. If the cash - in - advance constraint is binding , the ...
第 154 頁
... holdings instantaneously , the family has to dispose of holdings of other assets including land . Thus , the liquidity effect decreases the demand for land decrease when the family intends to increase consumption . If the negative ...
... holdings instantaneously , the family has to dispose of holdings of other assets including land . Thus , the liquidity effect decreases the demand for land decrease when the family intends to increase consumption . If the negative ...
內容
Shahidur Rahman Sandly Sian Li Ngiang Serina | 29 |
A Difficult Tradeoff | 45 |
Manwoo Lee and Sangwhan Lho Optimal Linear Income | 59 |
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abnormal returns absolute risk aversion agents assets assume assurance problem bias-correction bootstrap bt+1 bt+2 CALIFORN capital controls changes companies competition consumers consumption decrease denoted devaluation domestic Doosan dynamic eco-friendly product eco-label Economic Research effect efficiency wage employees environmental accidents Equation estimated expected inflation financial performance firms forward rate process framework Hanyang University increase indirect forecasting indirect method individual inflation rate International Korea Korea University labor participation rate land price legislated minimum wage LG Chemical martingale process measure modified golden rule Network nexus of contracts nominal interest rate number of paddocks optimal tax optimal tax rate p-value paper PEMP percent period prediction intervals PROA PROA and PROE Pt+1 rangeland real exchange rate relationship retrenchment risk aversion SAN DIEGO short duration grazing solution speculative bubble spot rate St+1 steady structure of interest term structure test statistic unemployment rate UNIVER unskilled workers