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Notation
a = capital share in national income
a = workers bargaining power (Chapter 6)
a = fraction of defaulting borrowers in the credit market (Chapter 10)
b = unemployment insurance payment (Chapter 6)
b = productivity of labor in producing human capital (Chapter 8)
c = individual current consumption
d = depreciation rate
e = matching efficiency (Chapter 6)
em(Q, A) : matching function (Chapter 6)
e = nominal exchange rate (Chapter 16)
f = per worker production function
g = function describing the relationship between current population and future
population in the Malthusian growth model
h = time available to the consumer
i = inflation rate
i
e
= anticipated inflation rate
j = labor market tightness
k = capital per worker
l = leisure
l = land per worker (Chapter 7)
n = labor force growth rate
p = price of housing (Chapter 10)
p
c
= probability of finding work for a consumer
p
f
= probability for a firm of finding a match with a worker
q = price of credit card balances
r = real interest rate
r