... implication that an increase in the money growth rate is associated with a
reduction in the steady state in ation rate.
In all of this prior work involving the stability of monetary equilibria in overlapping
generations ... capital:
k
t+1
= c
in
+
in
r
a +
in
k
+
in
r
b
k
t
: (2.5)
Combining (2.5) with (2.3) gives the actual law of motion for interest rates:
r
t+1...
... markets
to unanticipated in ation is unchanged by controlling for changes in monetary policy
expectations.
In chapter 3, I ask why monetary contractions have strong e¤ects on the hous-
ing market. The ... and so increase consumption only gradually in response
to an increase in expected income. In the absence of capital adjustment costs, individuals
spend the increase in exp...
... permission.
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
Three essays on economic reform and household behavior in contemporary China
Lee, Ming-Hsuan
ProQuest ... permission of the copyright owner. Further reproduction prohibited without permission.
Reproduced with permission of the copyright owner. Further reproduction prohibi...
... future groundwater
contamination status. Conveyance of incomplete information or of incorrect information
regarding groundwater contamination might induce market reactions where none would
have ... and out of the SWCA in Washington
County (McCullough, phone conversation on 10/31/07; Sampson, phone conversation on
11/1/07), the costs of drilling a new residential well inside the SWC...
... Tennessee, Anstine finds that the impact of perceivable contaminating
activities on house values increases as the distance to the contaminating source is
reduced, while the existence of non-perceivable ... presence. He
examines the impact of noticeable and non-visible disamenities on property values.
Using information on property values and housing characteristics for 171 houses loc...
... Leader actually invest in the equilibrium of the improvement games. For that purpose, we
define the threshold levels:
Three essays on the economics of innovation and regional economics
... changed the innovation incentives for U.S. plant breeders. Alternatively, one can
consider the differences in the degrees of protection conferred by patents and PVPs in an internat...