Titlebook: Economic Policy in Theory and Practice; Assaf Razin (Professor of Economics),Efraim Sadka Book 1987 Palgrave Macmillan, a division of Mac

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The Effect of Labour Unions on Investment in Training: a Dynamic Modelapprenticeship. Less widely known are the schooling and apprenticeship requirements of barbers, plumbers, and mine foremen, which require up to five or six years of investment. Finally, most craft unions require apprenticeship periods of two to four years (see Kolberg, 1976).

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Basic Concepts of Behavioral Pharmacologyin an integrated global financial market. There is no direct foreign investment. Rational point expectations and certainty equivalence are assumed throughout, so all stores of value are perfect substitutes in private portfolios. As cyclical, Keynesian issues are not the focus of this paper, full emp

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Behavior Under Involuntary Confinementecting distortions à la Pigou and Meade is the very source of them, e.g. minimum wage or usury laws, rent control, tariffs and so on. Conservative economists denounce these interventions on both equity and efficiency grounds, while liberals are apt to be apologetic, sympathising with real or alleged

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Francine G. Buckley,Paul A. Buckleyaccrue. If capital gains are taxed on an accrual basis, the effect is to lower the after tax rate of return by a factor equal to the tax rate. That is, if an asset grows according to . under accrual taxation at rate λ, its rate of return at time . will be α(.)(1 − λ). Since tax obligations are incur

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Fiscal Policy in Open, Interdependent Economiesin an integrated global financial market. There is no direct foreign investment. Rational point expectations and certainty equivalence are assumed throughout, so all stores of value are perfect substitutes in private portfolios. As cyclical, Keynesian issues are not the focus of this paper, full emp

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Inflation and the Government Budget Constrainth explains the very high serial correlation that Cagan actually encountered (see Sargent, 1977). Fourth, the model predicts a pattern of results obtained by Rodney Jacobs (1975) when he reversed the direction of regression in Cagan’s equation (see Sargent, 1976).

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The Political Economy of Leviathanecting distortions à la Pigou and Meade is the very source of them, e.g. minimum wage or usury laws, rent control, tariffs and so on. Conservative economists denounce these interventions on both equity and efficiency grounds, while liberals are apt to be apologetic, sympathising with real or alleged

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Notes on the Effect of Capital Gain Taxation on Non-Austrian Assetsaccrue. If capital gains are taxed on an accrual basis, the effect is to lower the after tax rate of return by a factor equal to the tax rate. That is, if an asset grows according to . under accrual taxation at rate λ, its rate of return at time . will be α(.)(1 − λ). Since tax obligations are incur