Economic Policy: Principles and DesignNorth Holland Publishing Company, 1956 - 276 páginas |
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Página 57
... obtained in the target variable and the change needed in the instrument variable . In a general way , the change in target variable may be indicated by Дy and that in instrument variable 4z ; the efficiency coefficient will then be ...
... obtained in the target variable and the change needed in the instrument variable . In a general way , the change in target variable may be indicated by Дy and that in instrument variable 4z ; the efficiency coefficient will then be ...
Página 58
... obtained for different target variables may also be compared . This is , again , only possible if the relative valuation of the changes obtained is made ; as before , it can best be made on the basis of the welfare function . Suppose 1 ...
... obtained for different target variables may also be compared . This is , again , only possible if the relative valuation of the changes obtained is made ; as before , it can best be made on the basis of the welfare function . Suppose 1 ...
Página 185
... obtained from additional investment , and the marginal rate at which capital can be obtained . The latter cannot be represented by the low rates at which certain international loans can be obtained , but should rather be taken equal to ...
... obtained from additional investment , and the marginal rate at which capital can be obtained . The latter cannot be represented by the low rates at which certain international loans can be obtained , but should rather be taken equal to ...
Contenido
The Contribution of Economic Analysis to the Design of Economic | 1 |
Economic Models | 27 |
Regulating the Position within a Given | 48 |
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Términos y frases comunes
accounting prices aims analysis applied assumed autonomous balance of payments boundary conditions capital changes choice chosen coefficients complicated consequences considered countries decisions deficit demand depend discussed distribution economic policy efficiency elasticity elements equal equation example exchange rate export factors of production foreign full employment given government expenditure groups important Income formation inconsistencies increase indicated indirect taxes individual industries influence instrument of economic instrument variables investment labour large number less long-term marginal costs maximum ment monetary equilibrium money flows monopolies national income national product needed obtained open economy optimum organization payments equilibrium perfect competition policy-makers possible price level problem propensity to spend public expenditure qualitative quantitative policy reactions reduction regulation represent sector short-term situation social social welfare functions solution STATIC structure supply target variables tax rate TECHNICAL RELATIONS values wage rates welfare function