ellauri096.html on line 680: The authors stated that, since fluctuations in employment are central to the business cycle, the "stand-in consumer [of the model] values not only consumption but also leisure," meaning that unemployment movements essentially reflect the changes in the number of people who want to work. "Household-production theory," as well as "cross-sectional evidence" ostensibly support a "non-time-separable utility function that admits greater inter-temporal substitution of leisure, something which is needed," according to the authors, "to explain aggregate movements in employment in an equilibrium model." For the K&P model, monetary policy is irrelevant for economic fluctuations.
ellauri096.html on line 682: The associated policy implications were clear: There is no need for any form of government intervention since, ostensibly, government policies aimed at stabilizing the business cycle are welfare-reducing. Since microfoundations are based on the preferences of decision-makers in the model, DSGE models feature a natural benchmark for evaluating the welfare effects of policy changes. The Kydland/Prescott 1982 paper is often considered the starting point of RBC theory and of DSGE modeling in general and its authors were awarded the 2004 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
ellauri109.html on line 706: Dryden potkittiin pois Royal Societystä kun sillä oli jäsenmaxut rästissä. Shadwell vei siltä poeta laureatuxen paikan kun Dryden ei pokkuroinut protestanttisia Wilhoa ja Mariaa. Oliko viirikukko ruostunut? Dryden's main goal in the satiric verse: the mock-heroic Mac Flecknoe, was to "satirize Shadwell, ostensibly for his offenses against literature but more immediately we may suppose for his habitual badgering of him on the stage and in print." Thomas Shadwell succeeded him as Poet Laureate, and he was forced to give up his public offices and live by the proceeds of his pig pen.
ellauri143.html on line 117: Or rather, wealth and pleasure must be pursued with an "action with renunciation" (Nishkan Karma), that is, one must act ostensibly without craving them in order to resolve neck tension.
ellauri153.html on line 864: After submitting it as his doctoral dissertation Arttu was awarded a PhD from the University of Jena in absentia. Private publication soon followed. "There were three reviews of it, commending it condescendingly. Scarcely more than one hundred copies were sold, the rest was remaindered and, a few years later, pulped."[1] Among the reasons for the cold reception of this original version are that it lacked the author´s later authoritative style and appeared decidedly unclear in its implications. A copy was sent to Goethe who responded by inviting the author to his home on a regular basis, ostensibly to discuss philosophy but in reality to recruit the young philosopher into work on his Theory of Colors.
ellauri156.html on line 637: It all seems to be over. David is not looking for another wife; he is not even looking for an affair. He is looking for a conquest. That should have happened on the battlefield, not in the bedroom! Things take a very different turn when Bathsheba sends word to David that she is pregnant. David first seeks to cover up his sin by ordering Joab to send Uriah home on furlough, ostensibly to give David a report on the war. David's efforts to get Uriah into bed with Bathsheba begin as subtle hints, then change to veiled orders, and then turn crass as David seeks to get Uriah to do drunk what he will not do sober. When these efforts fail (due to Uriah's noble character), David sends Uriah back to Joab, with written orders to Joab to put him to death in a way that makes it seem like a casualty of war. Joab does as he is told and sends word to David: “Mission accomplished.” It is here that our apparently never-ending story resumes.
ellauri278.html on line 212: In January 1918, Litvinov addressed the Labour Party Conference, praising the achievements of the Revolution. Alexander Kerensky, the leader of the democratic Russian Provisional Government that had replaced the Tsar and was overthrown by Lenin, was welcomed by the British government on a visit to London and also addressed the Labour Party Conference, criticising the dictatorship of Lenin’s government. Litvinov replied to Kerensky in the left-wing English press, criticising him as being supported by foreign powers and intending to restore capitalism. Later in 1918, the British government arrested Litvinov, ostensibly for having addressed public gatherings held in opposition to British intervention in the ongoing Russian Civil War.
ellauri281.html on line 211: In January 1918, Litvinov addressed the Labour Party Conference, praising the achievements of the Revolution. Alexander Kerensky, the leader of the democratic Russian Provisional Government that had replaced the Tsar and was overthrown by Lenin, was welcomed by the British government on a visit to London and also addressed the Labour Party Conference, criticising the dictatorship of Lenin’s government. Litvinov replied to Kerensky in the left-wing English press, criticising him as being supported by foreign powers and intending to restore capitalism. Later in 1918, the British government arrested Litvinov, ostensibly for having addressed public gatherings held in opposition to British intervention in the ongoing Russian Civil War.
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