figures for chapter 6

©2005 Brooks/Cole - Thomson Learning

FIGURES FOR

CHAPTER 6

MATTERS OF FUNCTIONAL FORM

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Figure 6.1

The log-log model.


Figure 6.2

The log-log model (< 0).


Figure 6.3

The constant growth model in discrete time(Y0 = 100, g = 0.05).


Figure 6.4

U.S. GDP per capita, 1880–1987.


Figure 6.5

The natural logarithmic function y = log x.


Figure 6.6

Prices during the Hungarian hyperinflation of 1945–1946.


Figure 6.7The lin-log model: Y = + log X.


Figure 6.8Prais and Houthakker’s Engel curve for meat consumption, based on a lin-log regression model.


Figure 6.9

The reciprocal model: Y = + .


Figure 6.10Prais and Houthakker’s Engel curve for meat consumption, based on a reciprocal regression model.


Figure 6.12

Alternative functional forms for an Engel curve fitted to Houthakker’s electricity demand data.


Figure 6.13Money and prices during the Germanhyperinflation,September 1920– November 1923 (Sept. 1920 = 1.0).


Figure 6.14Money and pricesduring the Polishhyperinflation, April 1922– November 1923 (April 1922 = 1.0).


Figure 6.15The velocity of money in the United States, 1869–1970.


Figure 6.16

Real money holdings log(Mt/Pt ) decline during a hyperinflation.

figures for chapter 6

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