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2 unusual facts about Zvi Hercowitz


Greenwood–Hercowitz–Huffman preferences

GHH preferences (short for Greenwood–Hercowitz–Huffman preferences), refer to an economic formula developed by Jeremy Greenwood, Zvi Hercowitz, and Gregory Huffman, in their 1988 paper Investment, Capacity Utilization, and the Real Business Cycle.

Zvi Hercowitz

Using data from the German hyperinflation, an equation that relates price change dispersion to exogenous unperceived money shocks is estimated.



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