General equilibrium considerations

Ebook "Planetary aeronomy: Atmosphere environments in planetary systems" is a modern and concise introduction to the underlying physical and chemical processes that govern the formation and evolution of the upper atmospheres of planets. The general approach employed permits consideration of the growing number of extrasolar planets, the detailed observation of which will become possible over the next decades.

211p cotieubac1004 15-03-2024 1 0   Download

Part 1 of ebook "Generational accounting: Theory and application" provides readers with contents including: Chapter 1 - The rationale for generational accounting; Chapter 2 - Net taxes of living generation; Chapter 3 - The intertemporal public budget; Chapter 4 - Assessing fiscal imbalance;...

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Ebook "Generational accounting: Theory and application" gives a complete and up-to-date introduction to the theory and practice of the method. It reveals deficiencies of the original residual concept and discusses various measures of intergenerational redistribution based on the recent sustainability approach to generational accounting. An application using data on German public finances serves to provide an in-depth explanation and practical illustration of the technique.

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The approach taken in these studies is largely a-theoretic. More specifically, they implicitly model the demand for assets as being a function of only current demographics. Unless investors are completely myopic, however, the expected rate of return on investments will be a further determinant of how much people want to invest. Thus there will a feedback from the future path of stock prices back to the pattern of investment. And future stock prices will in turn be influenced by future demographics.

25p quaivattim 04-12-2012 63 1   Download