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The Pricing Paradox and Tatonnement Instability in a Wage-Maximizing Economy.
Suvakovic, D. - Groupement de Recherche en Économie Quantitative … - 1999
A simple model of the Arrow-Debreu type is used to analyze the short-run performance of an employee-controlled wage-maximizing economy. It is found that an increase in demand, caused by a shift in consumers' preferences, leads to a fall in a good's equilibrium price, which indicates that...
Persistent link: https://www.econbiz.de/10005779642
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Measuring the NAIRU in the Spanish Economy.
Estrada, A.; Hernando, I.; Lopez-Salido, J.D. - 2000
This paper addresses the issue of measuring the NAIRU in the Spanish economy. We implement some of the procedures proposed in the literatur to estimate the NAIRU, describing their advantages and disadvantages. Our analysis shows that these alternative approaches provide significantly different...
Persistent link: https://www.econbiz.de/10005618393
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Cash-in-Advance Constraints in the Diamond Overlapping Generations Model: Neutrality and Optimality of Monetary Policies.
Crettez, B.; Michel, P.; Wigniolle, B. - Center for Operations Research and Econometrics (CORE), … - 1998
This paper is a study of money in overlapping generations models with cash-in-advance constraints. We first offer a brief review of different features of cash-in-advance constraint. Then we propose a general formulation and study the neutrality of money. We show that both neutrality and...
Persistent link: https://www.econbiz.de/10005478952
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Two New Keynesian Theories of Sticky Prices.
Farmer, R.E.A. - Department of Economics, European University Institute - 1999
that prices are rigis due to the existence of menu costs of the kind advanced by Mankiw [38] and Akerlof and Yellen [2 …
Persistent link: https://www.econbiz.de/10005816402
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Petroleum marketing monthly, April 1999, with data for January 1999
2009
The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts,...
Persistent link: https://www.econbiz.de/10009435396
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Short-term energy outlook, April 1999
2009
crude oil, energy product prices, and other assumptions which may affect the macroeconomic outlook. By varying the …
Persistent link: https://www.econbiz.de/10009435399
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Petroleum marketing monthly, May 1999, with data for February 1999
2009
in five sections: Initial Estimates; Summary Statistics; Crude Oil Prices; Prices of Petroleum Products; Volumes of …
Persistent link: https://www.econbiz.de/10009435400
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Petroleum marketing monthly, June 1999, with data for March 1999
2009
in five sections: Initial Estimates; Summary Statistics; Crude Oil Prices; Prices of Petroleum Products; Volumes of …
Persistent link: https://www.econbiz.de/10009435401
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Economic Studies, Sperry Low Temperature Geothermal Conversion System - Phase I and Phase II, Final Report, Volume VI
Harvey, Claude - 2007
. Since that time, oil prices have slipped, the general rate of inflation has abated, domestic electric power consumption has …. Although the present depressed avoided electric energy prices are not consistent with the projections on which this report …
Persistent link: https://www.econbiz.de/10009435407
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Options in the Eleventh Year for Interim Standard Offer Number Four Contracts
Hinrichs, Thomas C. - 2006
natural gas prices are discussed. In the State of California, the agency responsible for the official forecast is the … establishes the forecast of natural gas prices in addition to other parameters which are used in the planning process. The … service area forecast indicates a bottoming of the gas price in 1994 at $2.50/mmbtu. Recent prices in 1992 are already at …
Persistent link: https://www.econbiz.de/10009435409