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Italian abstract: L'obiettivo è spiegare in maniera succinta l'asset pricing nell'ipotesi di mercati completi. Dopo aver dato notazioni e definizioni, viene esposto il Terema fondamentale dell'Asset Pricing, il Risk-Neutral Pricing e le condizioni di non-arbitraggio. Date queste nozioni, il...
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Italian Abstract: L'obiettivo di questo capitolo è mostrare come la scelta intertemporale in contesto di certezza può essere assimilata ad una normale decisione microeconomica statica. Vengono effettuati gli esercizi i statica comparata sui parametri per individiare gli effetti di sotituzione,...
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A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...
Persistent link: https://www.econbiz.de/10005087106
sector. Firm-level evidence shows that the growth in graduate employment is due almost entirely to a �within� firm … productivity growth. This suggests that increasing the workforce�s level of educational attainment is crucial to overcome the …
Persistent link: https://www.econbiz.de/10009386399
The paper addresses the issue of dynamic relationships between environment, health and growth. Its aim is to show that … improvement, due to sanitation and health infrastructures, possible because of income growth, leads to a better health, followed …, when pollution, generated by a growth too fast, becomes widespread by a worsening of health conditions, coming finally to …
Persistent link: https://www.econbiz.de/10009649947
growth performance directly or indirectly through the above exogenous shocks. The focus, mostly but not exclusively … economic growth. …
Persistent link: https://www.econbiz.de/10004981443