The Malawi Economic Monitor (MEM) provides ananalysis of economic and structural developmentissues in Malawi. This edition of the MEM waspublished in October 2016. It follows on from thethree previous editions of the MEM, and is part of an ongoing series, with future editions to follow twiceper...

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].

The purpose of this paper is to pursue the implications of closing, in the sense of rendering determinate, the Sraffa equations of production, prices and distribution [Sraffa (1960)] by adding to them demand equations of the type estimated in Stone’s (1954) linear expenditure system. The...