Why has the economy landed in a trough of growth and high inflation and does not look like getting out of it in the year ahead?

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].

Mathematical formulations of Frank D. Graham’s theory of multicountry multicommodity trade have not provided numerical methods for finding the world trade equilibrium. Graham was in possession of such methods but his writings do not reveal what they were. This paper proposes an algorithm...

Over the last decade, the profile of central banks has gone up. First, we had the Great Moderation - a period of extraordinary benign macroeconomic environment globally, characterized by steady growth in advanced economies and accelerated growth in emerging economies, and low and stable...

This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in commodity-dependent countries. Using a large cross- country dataset, they find that negative shocks matter for short-term growth, while the ex ante risk of shocks does not seem...

This paper articulates a model of industrial production in which technologies are of continuous-input continuous output-type. It is shown that the model nevertheless has all the essential properties of the usual point-input point- output Sraffa system.

Securities Markets

Speech of Lalu Prasad