With Emile GrÃ¼nberg, this man created a model in which self-alteration does not prevent public prediction.
With Emile GrÃ¼nberg, this man created a model in which self-alteration does not prevent public prediction. With a student, this economist developed a model predicting that the wealth-income ratio is half the retirement length, and that growth counterintuitively leads to increased savings rates. To determine optimal policy under the neoclassical synthesis, this economist chaired the development of the (*) MPS-FMP econometric model. Predating Milton Friedman, this man and Richard Brumberg claimed that individuals use consumption smoothing to plan for retirement in their life-cycle hypothesis. He is the non-American-born namesake of a statement implying that cost of equity increases with the debt-equity ratio, though under ideal conditions the dividend policy or capital structure of a firm will not impact its value. For 10 points, name this MIT economist who names a theorem with Merton Miller.
With Emile GrÃ¼nberg, this man created a model in which self-alteration does not prevent public prediction.
Franco Modigliani