{"entities":{"Q1726064":{"pageid":1736805,"ns":120,"title":"Item:Q1726064","lastrevid":57280356,"modified":"2026-03-27T20:15:42Z","type":"item","id":"Q1726064","labels":{"en":{"language":"en","value":"Harberger-Laursen-Metzler effect with modified Becker-Mulligan preference by dynamic optimization"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 7025669"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$D2C7B3F0-308E-46B7-9AA5-0F06D159A3E8","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"d73088d8186f0c3864473353b4c783a7216930bb","datavalue":{"value":{"text":"Harberger-Laursen-Metzler effect with modified Becker-Mulligan preference by dynamic optimization","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q1726064$181D6470-4850-4524-A709-7280DE30D6F6","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"b98a7a65d226cc5b12276a4d931c599e1ce84769","datavalue":{"value":"1422.91508","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$6194D5AA-9503-4406-BF35-BE8A0A30410C","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"c43c6e5e76cbdd613b23d1a217aeb54792ec0118","datavalue":{"value":"10.1155/2016/4190294","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$40F717F3-2B90-4739-995F-ECB1F17EC8C1","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"69b10b14eab8fd0aa6cf2c252335caa8ddafde3e","datavalue":{"value":{"entity-type":"item","numeric-id":278412,"id":"Q278412"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$C0519E64-203D-44C2-BC77-B6FA451873DE","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"8cb14fcb4db7c332cf1373b6dc27492cbad3ef74","datavalue":{"value":{"entity-type":"item","numeric-id":428040,"id":"Q428040"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$0100E51A-11F2-43D4-816E-0B7E24EFCB6B","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"eb56b86e65ff7d8e970bfcbe334949a8cbcd5834","datavalue":{"value":{"entity-type":"item","numeric-id":1726063,"id":"Q1726063"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$B053A3B2-9F74-4E29-BEBB-7A50FF381165","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"e5ea7bc024fe2946ca15646035f056e2ab96db7a","datavalue":{"value":{"entity-type":"item","numeric-id":169945,"id":"Q169945"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$B430C144-ECEA-4560-862F-4EECAC7AA367","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"90e6131927e2f821390d615ecfaa0e74b7083d76","datavalue":{"value":{"time":"+2019-02-19T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q1726064$7054DA4E-88A2-42CB-98C1-C89200C86158","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"dc14b6bc994a6b43b5bb6bd8a085bb1d3a323c7d","datavalue":{"value":"Summary: We investigate the effects of terms-of-trade shocks on the spending and current account where households with the modified Becker-Mulligan endogenous time preference maximize their utility over an infinite planning period. Our results show that, with the modified Becker-Mulligan preference, the effect of the deterioration in terms of trade on the current account depends on people's characters. However, with the second preference we have considered, the deterioration in terms of trade will result in a current account deficit, which is the same as in [\\textit{M. Obstfeld}, ``Aggregate spending and the terms of trade: is there a Harberger-Laursen-Metzler effect'', Q. J. Econ. 97, No. 2, 251--270 (1982; \\url{doi:10.2307/1880757})], where households with Uzawa endogenous time preference are considered; deterioration in terms of trade leads to a decline in the current account. These theoretical results are consistent with the empirical evidence by numerical simulations.","type":"string"},"datatype":"string"},"type":"statement","id":"Q1726064$DEC63B0F-844E-462F-AFCF-12D402595342","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"3d9efc5edd9940138bba54fd2dcb7e91029d8fcc","datavalue":{"value":"91B62","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$0F8BFB6F-7489-4490-A2C8-FF7BC29B2606","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"c5ff14d3d44f931047bef8ec95dfe512710f0e42","datavalue":{"value":"91B55","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$5374C047-F1A6-4923-BC4C-74ADBFA2340C","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"7d549dacfd75da173dfbf0cca36305f043cdcb80","datavalue":{"value":"49N90","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$5DE904D9-B950-4561-AC0C-1B3B55123D64","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"f254cb8935ce76d7ce54ac48815f37fcee773e7d","datavalue":{"value":"7025669","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$BC4E471E-FBAF-494E-A133-98724A8BEBB5","rank":"normal"}],"P12":[{"mainsnak":{"snaktype":"value","property":"P12","hash":"f1ca9ba4e8cd421304eafa8bc512a4e8761bddfa","datavalue":{"value":"Q59123488","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$92CD927B-3893-41AD-AECC-81E9871FC9CF","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$D0BD2701-C560-40E6-9F74-16E25E56E7CC","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"02055d02cbef0addc50a65d7c57e1be949055af0","datavalue":{"value":"https://doi.org/10.1155/2016/4190294","type":"string"},"datatype":"url"},"type":"statement","id":"Q1726064$3E9C8CFF-9E42-4749-8286-574DA943F2CE","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"14eec60c38f0e56c185f577d0b123a93080c96e6","datavalue":{"value":"W2345953329","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1726064$F9EA22FC-3B74-40BA-AAEA-39D4C6AD8D04","rank":"normal"}],"P223":[{"mainsnak":{"snaktype":"value","property":"P223","hash":"6e4a6af9de92276a6f5e688764c20032fe97d7a9","datavalue":{"value":{"entity-type":"item","numeric-id":2432071,"id":"Q2432071"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$E0211189-12BE-4664-96B3-F3FF388B6814","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"87aa368351b2609648e1f27672536eeacd692d4f","datavalue":{"value":{"entity-type":"item","numeric-id":4000410,"id":"Q4000410"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$9ACD471D-E42E-4103-A572-76042ECEF03B","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"2bac58e40eb09b7d6710d8709781387fbf57033d","datavalue":{"value":{"entity-type":"item","numeric-id":3506457,"id":"Q3506457"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$019AF4BE-338A-433C-AA8B-70329217B558","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"f7e7a4b5f122c23b0a6a3a3b7677ba826a217648","datavalue":{"value":{"entity-type":"item","numeric-id":311001,"id":"Q311001"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$FBC5811E-5421-4AAF-A437-7C2459702592","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"7cefa556a72617ca339f6b7e4a4da8c35a02aba0","datavalue":{"value":{"entity-type":"item","numeric-id":5292494,"id":"Q5292494"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$280FA2BB-1DF4-4727-A4A9-1F27613DA1EA","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"e8b7457bb4f3032b380d6bd7a60e688fd061162f","datavalue":{"value":{"entity-type":"item","numeric-id":2509069,"id":"Q2509069"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"177514219b77aa6fabe83ddc9899c2fda9c811e9","datavalue":{"value":{"amount":"+0.8017735481262207","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1726064$05A54737-6DAE-4804-9B74-964530EB8646","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"514dcce45577dfc5548a7940f6a09aedb58e57b1","datavalue":{"value":{"entity-type":"item","numeric-id":2316874,"id":"Q2316874"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"9f906151333191f4c93ac5a9416d2753cf97cfa2","datavalue":{"value":{"amount":"+0.7357557415962219","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1726064$2B553FBA-686E-4DE8-BAC9-05C4D3EB3A63","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"3ea0a6018e02502eacd59d774c48730c709a16b8","datavalue":{"value":{"entity-type":"item","numeric-id":311001,"id":"Q311001"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"21b7104e0039b16248c8e0208dcb760e7e5b6e9a","datavalue":{"value":{"amount":"+0.7305859923362732","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1726064$F4218962-B1FB-4019-93A2-DE0A43E555FF","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"9260b386020328840e7dfc9752df8e72e4d2880a","datavalue":{"value":{"entity-type":"item","numeric-id":5292494,"id":"Q5292494"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"4afc7dcd4d0bed58f871ad8e985b5a50f0e31271","datavalue":{"value":{"amount":"+0.6996740102767944","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1726064$9D57D338-DF13-4DB9-85C6-7B295B797196","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"1ad1a38643419461b95ce1d41230bfaba5ff19f7","datavalue":{"value":{"entity-type":"item","numeric-id":751465,"id":"Q751465"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"32cb7ad7d8a5584cb3b377eed2c5baef0b8658f7","datavalue":{"value":{"amount":"+0.6539209485054016","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1726064$81C4F5ED-72BE-4AF8-B8B2-8BD16A9FFE82","rank":"normal"}],"P163":[{"mainsnak":{"snaktype":"value","property":"P163","hash":"45fcd4163b5f33e6e8c784f5522d7246c0a1a61e","datavalue":{"value":{"entity-type":"item","numeric-id":57056,"id":"Q57056"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1726064$21CE87A6-A10E-4023-9FF0-10929ACA60A2","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Publication:1726064","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/Publication:1726064"}}}}}