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The basic RBC model predicts that given a temporary shock, output, consumption, investment,t, and labor, all rise above their long-term trends and formative deviation. Furthermore, since more investment means more capital is available, a short-lived shock may impact the future.
However, The Accumulation of Capital was a terse book. In a later book, Essays in the theory of Economic Growth, [2] [3] she tried to lower the degree of abstraction. Robinson presented her growth model in verbal terms. A mathematical formalization was later provided by Kenneth K. Kurihara. Assumptions: [4] There is a laissez-faire closed economy.
The Calvo model has become the most common way to model nominal rigidity in new Keynesian models. There is a probability that the firm can reset its price in any one period h (the hazard rate ), or equivalently the probability ( 1 − h ) that the price will remain unchanged in that period (the survival rate).
Kathleen "Katie" Patricia Taylor CM (born August 25, 1957) is a Canadian business executive who is the chancellor of York University.She was the chair of the board of the Royal Bank of Canada (RBC) from 2014 to 2023, and is the first woman to chair the board of a major Canadian bank. [1]
The First Chicago method or venture capital method is a business valuation approach used by venture capital and private equity investors that combines elements of both a multiples-based valuation and a discounted cash flow (DCF) valuation approach.
Economists have used marginal abatement cost curves to explain the economics of interregional carbon trading. [1] Policy-makers use marginal abatement cost curves as merit order curves, to analyze how much abatement can be done in an economy at what cost, and where policy should be directed to achieve the emission reductions.
Economic capital is a function of market risk, credit risk, and operational risk, and is often calculated by VaR. This use of capital based on risk improves the capital allocation across different functional areas of banks, insurance companies, or any business in which capital is placed at risk for an expected return above the risk-free rate.
The plans have produced new downtown stadiums and a rebuilt freeway system intended to showcase the city for Super Bowl XL. With $1.6 billion in construction projects in 2004, the rapid pace of development in the city prompted construction of a $30 million cement terminal. [19]