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The Review of Economics and Statistics Vol. 53 No. 4 1971

Optimal Municipal Cash Management: A Case Study

Rita M. Maldonado; Lawrence S. Ritter

Abstract

Less extreme cases, however, are even more worrisome, primarily because the distortions in the solutions are less easy to identify. As shown above, (Nim)1 and (N1m) 2 without distortions differ in this illustration by 20 per cent of their mean value. WYhile it is easy to flag this difference for a steady series like labor force, there are many series, e.g., inventory investment, for which a 20 per cent jump is nothing to cause surprise. Further, if the relevant

DOI
10.2307/1928742
Volume
53
Issue
4
Pages
384
Sources
openalex crossref

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