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It is argued that that both the Sraffians’ interpretation based on the classical notion of centre of gravitation as well as the neoclassical interpretation based on the supposedly implicit assumption of constant returns to scale are incorrect [GIPE WP].
Persistent link: https://www.econbiz.de/10005528367
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
Milton Friedman`s place in the world of economics is well assured not only because of his concepts and theorems but also due to his demonstration that free market can be an instrument of social justice too.
Persistent link: https://www.econbiz.de/10009250473
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 discussion with some thoughts on the way forward. [Speech...
Persistent link: https://www.econbiz.de/10008513093
The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a revolutionary period in which the world emerged from great inflation and output instability into...
Persistent link: https://www.econbiz.de/10005170137
The present study emphasizes on independent variable analysis in assessing gender development at the disaggregated district level to account for problems such as the major contradiction facing this century which relates to development sans equality, growth without equitable distribution,...
Persistent link: https://www.econbiz.de/10008580009