990 resultados para demande de monnaie
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Dans Ce Texte Nous Examinons a L'aide D'un Echantillon de 560 Menages et des Moindres Carrees Ordinaires les Determinants de la Consommation Residentielle D'eau a Ville Saint-Laurent (Quebec) En 1978. Nos Resultats Nous Indiquent Que L'evaluation Fonciere des Proprietes, le Nombre de Pieces Par Logement et la Taille du Menage Sont Trois Variables Qui Expliquent la Consommation D'eau de Menages Habitant des Residences Unifamiliales Ou des Logements Dans des Duplex, Triplex Ou Quadruplex. Nos Resultats Sont Similaires a Ceux D'etudes Americaines et a Ceux Obtenus Pour Ville Saint-Leonard (Quebec) En 1977.
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This paper extends the Competitive Storage Model by incorporating prominent features of the production process and financial markets. A major limitation of this basic model is that it cannot successfully explain the degree of serial correlation observed in actual data. The proposed extensions build on the observation that in order to generate a high degree of price persistence, a model must incorporate features such that agents are willing to hold stocks more often than predicted by the basic model. We therefore allow unique characteristics of the production and trading mechanisms to provide the required incentives. Specifically, the proposed models introduce (i) gestation lags in production with heteroskedastic supply shocks, (ii) multiperiod forward contracts, and (iii) a convenience return to inventory holding. The rational expectations solutions for twelve commodities are numerically solved. Simulations are then employed to assess the effects of the above extensions on the time series properties of commodity prices. Results indicate that each of the features above partially account for the persistence and occasional spikes observed in actual data. Evidence is presented that the precautionary demand for stocks might play a substantial role in the dynamics of commodity prices.
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