… BAZDARICH* 1. Introdua tion The standard literature on economic … This approach is
taken in Bazdarich (I 975,) and yiel;ds the s:lrne conclusion as in thlr present analysis. …

The Separation or Mutual Fund Theorem of finance theory is extended to the case surplus
optimization, which is relevant for defined-benefit pension plans and others. While Separation …

My special thanks and appreciation to my wife Betsy for her patience over the long course of
completing this manuscript. Thanks also to Ann Stutzman for her diligent typing of the …

… To strike a note of informality, we are not going to start with Michael Bazdarich in alphabetical
order. We are going to go in reverse alphabetical order, starting with Bill Poole. Each …

23 even decline. These varying rates of change reflect the impact of such factors as changes
in tastes, shifts of labor and capital among industries, and introduction of new productive …

… optimization model of Bazdarich (1978) reaches different conclusions. Bazdarich’s model
is … The model developed in this chapter stems from two major changes made in Bazdarich’s …

Considerable empirical research has been devoted to investigating the role played by a number
of factors in the inflationary process. A central but as yet unresolved issue in the political …

The paper offers an analysis of current account dynamics and its sustainability in Turkey using
quarterly data. The focus is on the nonlinear characterization of the long run intertemporal …

… process, has already been examined in the context of an intertemporal optimization model by
Bazdarich (1978). In his frame … 0(0), we are able to expand on Bazdarich's results, and take …

… , in the present context, by allowing each country to be characterized by both its predetermined
capital stock K(0) and external indebtedness D(0), we are able to expand on Bazdarich's …