956 resultados para Alamán, Lucas, 1792-1853
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Macroeconomic Rationality and Lucas' Misperceptions Model: Further Evidence from Forty-One Countries
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Several researchers have examined Lucas's misperceptions model as well as various propositions derived from it within a cross-section empirical framework. The cross-section approach imposes a single monetary policy regime for the entire period. Our paper innovates on existing tests of those rational expectations propositions by allowing the simultaneous effect of monetary and short run aggregate supply (oil price) shocks on output behavior and the employment of advanced panel econometric techniques. Our empirical findings, for a sample of 41 countries over 1949 to 1999, provide evidence in favor of the majority of rational expectations propositions.
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Samuel Joseph Schulsohn
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Samuel Joseph Schulsohn
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Julius Rothholz
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D. H.
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Vorbesitzer: Amschel Isaak Goldschmidt; Bertha Blum; Akzessionsnummer: 3384/23
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Aus: Monatsschrift f. Geschichte u. Wissenschaft d. Judentums in Breslau. 1927
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del Sigr. Giuseppe Sarti