The Comparative Static Effects of Many Changes
AbstractThis article explains how changing many structural parameters by discrete amounts affect many variables of interest when we have no explicit expressions for the variables of interest in terms of the structural parameters. Although the matrix multiplying a vector of discrete changes in parameters into the changes in the vector of variables is not the same matrix as would multiply a vector of infinitesimal changes, these matrices share some useful properties.
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Bibliographic InfoPaper provided by European University Institute in its series Economics Working Papers with number eco97/33.
Length: 8 pages
Date of creation: 1997
Date of revision:
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