Utility function 

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appendix derivations dsge model pdf
... utility subject to a budget constraint and a constant probability of death, 1-d. if the age of a houdeshold in period t 0 is denoted a, then its utility function ... utility of holding real money balances, is a measure of the disutility of labour, and is a measure curvature of the utility function. we have chosen this particular form for the utility function ... achieved by setting utility function, then ...
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analyzing labour supply elderly people life cycle approach pdf
... assumed to be either good or poor, affects the parameters in the utility function. estimates imply that the marginal utility of consumption is smaller, and the marginal disutility of hours of ... is relatively stronger if 1. finally, the assumed utility function implies a link between the marginal utility of consumption and the marginal utility of bequest. this link is immediately evident at the ...
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... segments based on service relations within the organization and their respective utility consumptions. unallocated assets and liabilities consists of other assets and prepayments amounting ... board - management board - credit committees - credits and risk management function - compliance and operational risk function - treasury function - internal audit function 24 the economy bank n.v. notes to ...
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