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(BEER) and a Permanent Equilibrium Exchange Rate (PEER). Four different model specifications are retained, due to the … productivity, and (in some specifications) the relative fiscal stance and the real price of oil, have a significant influence on …
Persistent link: https://www.econbiz.de/10005408176
equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and …, we make use of valuation indicators defined as the ratio of the price to a fundamental. The fundamentals considered here …, price-earnings (P/E) still showed a significant overvaluation of equity prices when compared to the historical average over …
Persistent link: https://www.econbiz.de/10005125064
This paper looks at the impact on Australia’s trade in crops (non-wheat grains and oilseeds) where GM technology has been introduced. The model includes assumptions about the productivity gains of GM crops, possible consumer responses and regulatory costs for Australia and its major trading...
Persistent link: https://www.econbiz.de/10005407855
Putting the theory of price system on the relationship among price, wage, labor time, interest rate and GNP (or GDP … value and interest rate in different conditions and regions, can not certainly benefit price stability, sound public …
Persistent link: https://www.econbiz.de/10005561153
present length of time squeezes down the durable price. The willingness to replace the durable in the future, on the one hand …
Persistent link: https://www.econbiz.de/10005561804
This book focuses on general theory of price. Price, wage, interest rate, GNP and exchange rate, five factors, are very … political life directly, a functional value, price and wage described by a relatively abstract mathematic sum in place of amount … in their country or region and to analyze the relationship of growth and decline among price, wage, interest rate and GNP …
Persistent link: https://www.econbiz.de/10005126369
respond in such a way that the price approaches, in a very short time, the marginal cost. For the remaining stages, but the …, based on higher Cournot's profits than Stackelberg's profits. Keywords: Duopoly, Durable, Price, Profit. …
Persistent link: https://www.econbiz.de/10005135030
Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069
article discusses the valuation of prices, unit price or measuring unit for prices, ligitimacy of exchange control in markets …
Persistent link: https://www.econbiz.de/10005408103
The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this … indirect trade, money also must be used. Micro says that price is equal to marginal cost, rejecting trade theory’s claim that … trade is gainful. To remove these and other contradictions, price theory must be repaired. Money’s role in market clearing …
Persistent link: https://www.econbiz.de/10005413280