TABLE 2a. Intertemporal Links and the Contract Multiplier ----------------------------------------------------------------------- | Economy |No links |Only Money |Only Capital|Both links | ----------------------------------------------------------------------- ----------------------------------------------------------------------- |Benchmark | 0.90 | 0.90 | 1.02 | 1.05 | ----------------------------------------------------------------------- | | 1.01 | 0.87 | 1.11 | 0.99 | ----------------------------------------------------------------------- |Convex Demand | 2.17 | 2.17 | 1.57 | 1.62 | ----------------------------------------------------------------------- | | 3.79 | 2.44 | 1.76 | 1.55 | ----------------------------------------------------------------------- |Specific Factors | 1.43 | 1.43 | 1.30 | 1.30 | ----------------------------------------------------------------------- | | 1.82 | 1.54 | 1.59 | 1.33 | ----------------------------------------------------------------------- |All effects incl.| 1.96 | 1.96 | 1.75 | 1.75 | ----------------------------------------------------------------------- | | 3.26 | 2.19 | 2.39 | 1.81 | ----------------------------------------------------------------------- TABLE 2b. Intertemporal Links and the Contract Multiplier ----------------------------------------------------------------------- | Economy |No links |Only Money |Only Capital|Both links | ----------------------------------------------------------------------- ----------------------------------------------------------------------- |Near-Perfect-Sub.| 21.97 | 20.00 | 1.07 | 0.50 | ----------------------------------------------------------------------- | | 139.10 | 22.72 | 8.31 | 0.13 | -----------------------------------------------------------------------