Pierson on scarcity of gold and changes in the general price level
In: The European journal of the history of economic thought, Band 6, Heft 1, S. 58-70
ISSN: 1469-5936
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In: The European journal of the history of economic thought, Band 6, Heft 1, S. 58-70
ISSN: 1469-5936
In: History of political economy, Band 26, Heft 1, S. 21-38
ISSN: 1527-1919
In: Kyklos: international review for social sciences, Band 29, Heft 1, S. 63-96
ISSN: 1467-6435
In: Statistica Neerlandica, Band 26, Heft 4, S. 103-111
ISSN: 1467-9574
Summary The main reason to study lifetime earnings as opposed to annual earnings is that the former are purged of life cycle influences. If annual earnings are described by a random variable, it logically follows that lifetime earnings are also random. This paper examines the implications of this statement, starting from the basic assumption that annual earnings of a new entrant to the labor force are a drawing from a two parameter lognormal distribution. It is found that the probability distribution function of lifetime earnings can be derived explicitly if one is willing to define lifetime earnings as a geometric mean.
In: Statistica Neerlandica, Band 33, Heft 1, S. 7-25
ISSN: 1467-9574
Abstract This paper discusses a numerical planning model for the bank notes operations at a central bank. The operation of the model is demonstrated by four examples taken from the present day situation in the Netherlands. The major aim of this effort has been towards developing a new tool for the assessment of the performance of the bank note process from a central banker's point of view. Thus the thrust has been towards the description of the bank notes operations at a central bank, utilizing a comprehensive quantitative model. In a sense, this effort exemplifies long‐term corporate planning of a central bank's issue department.