On the Theory of Economic PolicyNorth-Holland Publishing Company, 1963 - Počet stran: 78 |
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Strana 38
... equilibrium in the balance of payments should be maintained and the additional target of high employment eliminated , an infinity of solutions would be possible . This is the well - known question of the balance of payments being ...
... equilibrium in the balance of payments should be maintained and the additional target of high employment eliminated , an infinity of solutions would be possible . This is the well - known question of the balance of payments being ...
Strana 47
... equilibrium is now endangered from the other side ; case 5 showing the requirement of a very high labour productivity and corre- sponding unemployment and case 6 very low real wages . Cases 7 , 8 and 9 are characterised by the ...
... equilibrium is now endangered from the other side ; case 5 showing the requirement of a very high labour productivity and corre- sponding unemployment and case 6 very low real wages . Cases 7 , 8 and 9 are characterised by the ...
Strana 48
... equilibrium as soon as an " asymmetrical " choice is made one further case deserves attention , viz . a choice where the " technical " boundary condition h = 0 is maintained , but the one further possible condition is symmetric to the ...
... equilibrium as soon as an " asymmetrical " choice is made one further case deserves attention , viz . a choice where the " technical " boundary condition h = 0 is maintained , but the one further possible condition is symmetric to the ...
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1817 LIBRARIES balance of payments basic model boundary conditions BRARIES business cycle changes chapter CHIGAN MICHIGAN coefficients complicated conditional targets considered credit creation depend devaluation discussed effectiveness elimination employment example exports expressions factors formulae functions given hence important indicate indirect taxes instrument variables irrelevant variables large number LIBRARIES MICHIGAN linear matrix national income nominal wage rates NORTH HOLLAND number of instruments number of targets numerical values obtained payments deficit political parameters possible problems of economic profit margins public expenditure qualitative quantitative economic policy quantitative policy real national expenditure Real wage rate represent result rôle RSITY sense simplified version social equilibrium solution structural equations structural relations systematic systems of economic target values target variables targets and instruments tax rate technical theory of economic unconditional unconditional targets UNIV UNIVER UNIVERSIT UNIVERSITY various y₁ δλ