JER, 第 11 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 2006 |
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第 1 到 3 筆結果,共 83 筆
第 138 頁
... effect to future capital stock ( Kt + 1 ) . The second term illustrates the positive effect caused by an increase in the intertemporal discount rate . As can be seen from Equation ( 18 ) , the substitution effect shows the transfer from ...
... effect to future capital stock ( Kt + 1 ) . The second term illustrates the positive effect caused by an increase in the intertemporal discount rate . As can be seen from Equation ( 18 ) , the substitution effect shows the transfer from ...
第 139 頁
... effect , future financial assets will have a positive effect . As can be seen from Equation ( 19 ) , the technology shock has two ef- fects on consumption . The first term shows the intratemporal substitu- tion effect in that the shock ...
... effect , future financial assets will have a positive effect . As can be seen from Equation ( 19 ) , the technology shock has two ef- fects on consumption . The first term shows the intratemporal substitu- tion effect in that the shock ...
第 152 頁
... effect . The impulse response analysis reflects the negative substitution effect of the shock on consumption . Hence , the effect of the shock on consumption is smaller than the effect of the shock on GDP , even though consumption ...
... effect . The impulse response analysis reflects the negative substitution effect of the shock on consumption . Hence , the effect of the shock on consumption is smaller than the effect of the shock on GDP , even though consumption ...
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analysis asset risks assume assumption capacity utilization capital stock cash flows cointegrated correlation cost currency composition currency hedge debt debt-asset ratio depreciation derivatives econometric effect EIA experts empirical environmental accidents equation equilibrium expected exponential utility firm's foreign financial assets foreign firm futures market futures prices G(st Hanyang University home and foreign home firm home government i'th currency impulse response incentive increase industry interest rate swaps investment Korea Kt+1 lagged learning-by-doing linear lobbying activity LSTAR model marginal measures non-users null hypothesis optimal subsidy output shock parameters period-1 portfolio precommit predictability price-dividend ratio probability of default production profits prospect theory Real Business Cycle regime regression relative Response of STOCK risk aversion risk exposures risk management second period significant spillover spot price standard deviation statistic stock prices stock returns strategic swap users Table Teräsvirta tion trade transition function utility function volatility