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[eng] The capital asset pricing model for consumption cannot explain observed equity premiums unless disproportionate risk aversion coefficients are used. The equity premium puzzle has been attributed in particular to the time-separability of consumer preferences. This paper investigates...
Persistent link: https://www.econbiz.de/10010978666
[fre] Cet article présente une analyse comparée de la formation des salaires dans les pays industrialisés. Une équation de salaire avec rigidités nominales est estimée sur un panel de 16 pays en recourant à une méthodologie spécifique fondée sur les moments généralisés et...
Persistent link: https://www.econbiz.de/10010978108
Persistent link: https://www.econbiz.de/10010978310
[eng] European Financial Integration and Exchange Rate Regimes in CEECs by Mathilde Maurel . The Central and Eastern European countries (CEECs ) entering the EU in May 2004 are expected to have a monetary policy compatible with the ERM-II system to eventually enter EMU (European Monetary Union...
Persistent link: https://www.econbiz.de/10010978650