Similar Search Results

Revisiting the unemployment controversy: Pigou's viewpoint

Takami, Norikazu - Graduate School of Economics, Osaka University - 2009

This paper examines the unemployment controversy between J. M. Keynes and A. C. Pigou, mainly from the latter … level of interest rate. Thus, we conclude that the unemployment controversy was gainful at least to Pigou, resulting in the …

Persistent link: https://www.econbiz.de/10005105850

Elements of Effective Central Banking: Theory, Practice, and History

Goodfriend, Marvin - eSocialSciences - 2007

emerged from great inflation and output instability into a period of remarkably low inflation associated with a great …

Persistent link: https://www.econbiz.de/10005170137

Equality of Demand and Supply Neither Determines Price Nor Clears the Market

Gani, Mohammad - EconWPA - 2004

The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this belief is unfounded. It contradicts macro’s claim that equality of demand and supply determines output. It contradicts (new) monetary theory, which claims that equality of demand...

Persistent link: https://www.econbiz.de/10005413280

Fisherâ€™s Equation: Some Methodological Doubts

Parchure, Rajas - eSocialSciences - 2011

The Fisher's equation has become a foundation stone of modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on a rather shaky foundations. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp24.pdf].

Persistent link: https://www.econbiz.de/10009319324

Measures of Inflation in India: Issues and Perspectives

Mohanty, Deepak - eSocialSciences - 2010

A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI …. Focus is also given on different secondary (derived) measures of inflation, particularly core inflation, and end the …

Persistent link: https://www.econbiz.de/10008513093