…parameters, on the hypothesis that prices reflect net present values (NPVs) of future cash flows. Special cases are noted and interpreted. The formula explains the counterintuitive observation that a stamp…
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…would be possible without that system. This has inflated home values, increased financial indebtedness, and has increased banking profits without extensively helping other players in the market. Over the past…
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…then the unemployment rates of 25% in Greece, 23% in Spain, 13% in Portugal, and 10% in Ireland are simply the short-run price paid for a stronger future. If they…
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…economic activity and hence volatility, it is not trend neutral. Hence, the effects of aggregate demand management policies may be more persistent over time and less transitory than currently thought….
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…conceptual framework for debating public policy for analyzing the policies recommended and applied so far, to deal with Climate Change’s causes and effects, from an economic perspective. We present the…
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…on the grounds that valuing financial assets is a matter of judgment. Financial assets do not have any intrinsic utility; hence allowing markets to price them implies their price changes…
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…(CLAAS) – that differentiates regional students, faculty, and academic units from the university’s elite “public ivy” brand. The university established a new set of boundaries between its main and regional…
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…available. The ‘appropriate’ technologies of the grass roots movement that dominates anti-poverty policies are oriented towards consumption, ignoring production jobs. Poverty persists from low productivity in agriculture or outright landlessness….
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…but s, the owners of capital’s consumption choices, which drive capital accumulation. The paper finally proposes an alternative explanation for the evolution of developed economies over the last 35 years….
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…and/or labor which will lower prices and production. How interest rates change is not determined by excess saving: They could increase, stay the same or decrease. Finally, it will be…
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…episodes that Mexico has experienced during the last four decades. Subsequently it identifies the effects that public spending cuts have had on investment and economic growth in Mexico. Next, it…
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…political process, and develops propositions on the operation of a democracy. Two key assumptions were no false information and no irrationality. As he acknowledged, neither is realistic. There is extensive…
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…these funds. They have argued that funds should instead that their assets will get the risk-free rate of return on US Treasury bonds and build up their funds accordingly. This…
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…production advantages into absolute price advantages, full employment and the perception of international trade as a static and harmonious phenomenon. It is shown that all these assumptions are neither theoretical…
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…adn do not indent paragraphs but instead skip a line before them. Use Word default for margins. Footnote: Use footnotes, not endnotes. Font 10, single spaced. Inner headlines: Number consecutively,…
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…tax havens, and companies are increasingly shifting profits through Bermuda, Luxembourg, the Cayman Islands and other such offshore jurisdictions. The best guesses suggest that there are approximately 60 secrecy jurisdictions,…
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