| 词汇 | autarky |
| 释义 | autarky noun[ U ] finance & economics, politics specialized(alsoautarchy)uk /ˈɔː.tɑː.ki/ us /ˈɑː.tɑːr.ki/ economic independence: 经济上的自给自足;经济自立（政策） In practice Germany under Hitler never achieved autarky and depended on the import of oil.实际上，希特勒统治下的德国从来没有实现过自给自足，在石油方面依赖进口。 Synonym self-sufficiency Economics accommodative anti-economic anti-inflation anti-inflationary anti-recession buyer's market deindustrialization economic gross domestic product HDI human development index industrialism Keynesian liberal monetarism monetary recession retrench squeeze the public purse Examples of autarkyautarky Evidently, autarky is not an absorbing state for the agent in this regime at these parameter values. Surplus for each regime when promised utilities are truncated at autarky. The proof is immediate from equations (14), the autarky version of (9), and their steady state equivalents. In autarky the agent borrows nothing, consumes the output, and chooses effort to maximize expected contemporaneous utility. One flaw of using flows lies on the fact that zero capital flows is a necessary but not sufficient condition for financial autarky. The smallest incentive-compatible promised utility in this regime is the present discounted value of remaining in autarky permanently. The terminal condition incorporates the fact that once discovered, a defecting banker is punished with autarky forever. Most results are displayed with the utility range truncated at autarky (the minimum promised utility in the pure-debt regime). However, they are better off relative to autarky. 23. In particular, defection by a merchant is punished by having the defecting merchant get the payoff from autarky, which is zero. In this world, the move from autarky to openness involves the removal of a final distortion. There is a small amount of mass at the autarky promised utility. Because autarky generally lies above the minimum promised utility in these regimes, it is not an absorbing state. Figure 1 shows the increase in profit over autarky for four parameter changes. To facilitate comparisons, proportional differences were used to compare the autarky case and the best response case. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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