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 …

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

Inflation management is one of the hardest tasks an economic policymaker has to undertake. It appears, at first sight …, that one can rely entirely on commonsense to carry out this task. But that will be a cardinal mistake. While inflation … understanding of economic theory. This paper tries to bring together the formal analytics that underlie inflation policy. It surveys …

Standard errors (S.Es.) of month on month and year on year inflation in Pakistan are estimated based on data for the … mechanism is developed to estimate S.E. of period average headline inflation using these approaches. This mechanism is then … applied to estimate S.Es. of 12-month average inflation in Pakistan for July 2003 to June 2010. The systematic changes in the …

In India, there is a large divergence between CPI and WPI inflation trends in the past, wide dispersion in inflation … across commodity groups within WPI, and significant volatility in headline WPI inflation under the influence of supply shocks … policy could yield ambiguous results if inflation data used in such analyses have serious limitations. [Staff Studies]. …

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 …