Results 91 to 100 of about 132,889 (251)
The Cobb-Gouglas function as an approximation of other functions [PDF]
By defining the Variable Output Elasticities Cobb-Douglas function, this article shows that a large class of production functions can be approximated by a Cobb-Douglas function with nonconstant output elasticity.
Frédéric Reynès
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Monetary Policy When Preferences Are Quasi‐Hyperbolic
Journal of Money, Credit and Banking, EarlyView.Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley +1 more source
Entrepreneurs, Sticky Competition and the Schumpeterian Cobb-Douglas Production Function [PDF]
In this paper, we institute the role of entrepreneurs in technical progress and the mechanism of tools multiplication into the Cobb Douglas Production Function. After the advancements, the technology component in the function has technical meaning and is
Mo, Pak Hung
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CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Journal of Money, Credit and Banking, EarlyView.Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
The Substitution and the Revenue Effects for a Cobb-Douglas Utility Function [PDF]
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2010 In the consumer’s theory, a crucial problem is to determine the substitution effect and the revenue effect in the case of one good price’s modifing. There exists two theories due to John Richard Hicks and Eugen Slutsky which allocates differents shares ...
Catalin Angelo IOAN, Gina IOAN
doaj
La función de producción Cobb-Douglas en el Ecuador
Tendencias, 2018 El objetivo principal de este trabajo es analizar el comportamiento de la elasticidad del producto ante cambios en los dos factores de producción: capital y trabajo, en una función de producción con rendimientos constantes a escala. Para ello, se discute
Xavier Fernando Briones Mendoza +2 more
doaj +1 more source
Heterotic Models of Aggregate Demand [PDF]
A common theme in the theory of demand aggregation is that market demand can acquire properties which are not always individually present among the agents who make up that market, a phenomenon we call heterosis in this paper.
Gael Giraud, John Quah
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The Role of Remittances and FDI for the Current Account: The Case of Cambodia
Journal of Money, Credit and Banking, EarlyView.Abstract This paper develops a small open economy real‐business‐cycle model to examine the dynamics of Cambodian current account. Differing from previous studies, our model incorporates both net foreign direct investment (FDI) and remittances as additional sources of macro‐economic fluctuations. Our results reveal that these two factors, especially FDI,
VEASNA KHENG, LEI PAN, XIAODONG FAN
wiley +1 more source
An Econometric Analysis of a Production Function for New Zealand [PDF]
Using the capital stock series recently released by Statistics New Zealand, two approaches have been employed to estimate a production function. The first approach is based on the estimation of a constant elasticity of substitution (CES) production ...
Kam Leong Szeto
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