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Some considerations about 1992. (Europe)
September 1, 1989... Some Considerations About 1992
I.
The Economist's issue of July 1988 pointed out that, somehow, the horizon of 1992 has also become a state of mind. Indeed, not only tons of research are being carried out to clarify the possible...
An economic analysis of transplant organs.
September 1, 1989... An Economic Analysis of Transplant Organs
I. Introduction
Recent medical advances have greatly increased the demand for transplant organs. The discovery of the drug cyclosporin has been of particular significance. Cyclosporin helps...
Ricardo and Keynes on war finance.
September 1, 1989... Ricardo and Keynes on War Finance
I. Introduction
Tradition has placed David Ricardo and J.M. Keynes at opposite poles in the history of monetary theory. In the General Theory, Keynes focused much of his criticism of classical...
Reverse-lag reserve accounting, bank behavior, and monetary control: a formal analysis.
September 1, 1989... Reverse-Lag Reserve Accounting, Bank Behavior, and Monetary Control: A Formal Analysis
I. Introduction
Recently, Laurent [1979] has proposed a system of reverse-lag accounting (RLA) for bank reserve requirements that he claims would...
Taxation and the redistribution of income.
September 1, 1989... Taxation and the Redistribution of Income
Introduction
The tax system is often viewed as a methanism for redistributing income in addition to being a method for financing public sector spending. This paper argues that the tax system...
A note on optimal pricing of publicly produced intermediate inputs. (comment on Rhodes and Sampath)
September 1, 1989... A Note on Optimal Pricing of Publicly Produced Intermediate Inputs
In a recent paper, Rhodes and Sampath (hereafter R-S[1985(b)]) claim to have proved a remarkable result: that the optimal price of a publicly-produced input may be lower than...
Energy: Markets and Regulation.
September 1, 1989... Energy: Markets and Regulation
The previously unpublished essays in this volume are dedicated to the memory of Morris Adelman, an important contributor to the fields of energy economics and public regulation. The essays analyze the...
Neoconservative Economics in the Southern Cone of Latin America, 1973-83. (book review article)
September 1, 1989... Neoconservative Economics in the Southern Cone of Latin America, 1973-83
I. Introduction
Ramos' principle thesis is that the nations of the southern cone of Latin America--Argentina, Chile and Uruguay--responded to the social crisis...
Money is relevant: a study of 20 OECD countries. (Organization for Economic Cooperation and Development)(Anthology)
September 1, 1989... Money is Relevant: A Study of 20 OECD Countries
Whether money affects price, nominal income, and real income has been studied extensively. While most economists agree that money affects the price level and nominal income, the relationship...
A proof that God would be a capitalist. (Anthology)
September 1, 1989... A Proof that God Would be a Capitalist
Consider the following set of assumptions: (1) There exists an infinite supply of land which can be combined with other growing inputs like labor and corn with constant returns to scale; (2) The real...
Average of forecasts: some further results. (Anthology)
September 1, 1989... Average of Forecasts: Some Further Results
Makridakis and Winkler [Management Science, 1983; JRSS, 1984] and Granger and Ramanathan [Journal of Forecasting, 1984] have exhibited that the simple average rule and the simple regression method...
A test of the Baumol model of unbalanced growth. (Anthology)
September 1, 1989... A Test of the Baumol Model of Unbalanced Growth
It is well-known that the public sector of the United States has grown rapidly in hte decades since World War II. This growth is evident whether it is measured by total government expenditures,...
Changing pattern of U.S.-Latin American trade. (Anthology)
September 1, 1989... Changing Pattern of U.S.-Latin American Trade
This paper studies U.S.-Latin American (L.A.) trade flow trends for the period 1967-85. To analyze the trade trends, standard trend equations of the form lnX=a+bt, where X=value of exports,...
A note on optimal pricing of publicly produced intermediate inputs. (response to Tandon)
September 1, 1989... A Note on Optimal Pricing of Publicly Produced Intermadiate Inputs: Response
The authors (R-S) are pleased at this opportunity to respond to Pankaj Tandon's note on the paper. The subject matter is vital, particularly to developing...