The very restrictive nature of systems of supply and demand functions which have constant elasticities is well known. The same is not true of single constant own-price elasticity demand functions.
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Fed researchers say tariffs can lower inflation by crushing demand
Federal Reserve researchers have presented a compelling argument that tariffs, often viewed as inflationary, actually ...
The paper tries to overcome some of the empirical problems that are associated with the estimation of demand-for-money function in an underdeveloped economy. It deals explicitly with the choice of ...
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