… For an advanced treatment of the certainty case, see F. and V. Lutz [131. … Proposition Ill and
such empirical findings as those of Modigliani and Zeman [141 on the close relation between …

The purpose of this communication is to correct an error in our paper" The Cost of Capital,
Corporation Finance and the Theory of Investment"(this Review, June 1958). In our discussion …

… For our tests of the Modigliani-Brumberg model indicate that consumption is quite
responsive to variations in the market value of wealth, which, in turn, must largely reflect the …

… ratio, there is reason to believe that ay ter approximation can be secured by replacing the
trend of in Y*t by a "rächet" trend of the kind embodied in the so Duesenberry-Modigliani …

Franco Modigliani, Massachusetts Institute of Technology THIS paper traces the major
developments of lasting value in our understanding of the monetary mechanism and its role in the …

… change the demand for money, ie, because they shift the graph of M =f(r).52 But this is true
and by definition only if Lerner identifies M =f(r) with our equation (5.1). Since this equation is …

… of the two papers laying the foundation of the LCH (Modigliani and Brumberg, 1980) and
several later ones (for example, Modigliani and Ando, 1957; Modigliani, 1975), the question of …

… DYNAMIC MODELS 310 DREZE AND MODIGLIANI second order. The distribution function
corresponding to <f>(y2, r) will be denoted by (>>2, r). 3 ASSUMPTION II. There exists a …

… 30 For a further discussiQn of the subject of the informational content of dividends, including
its implications for empirical tests of the irrelevance proposition, see Modigliani and Miller […

This palper is an examination of the success, or we should say lack of success, of the policy
launched at the beginning of 1961 by the incoming Kennedy Administration, which has …