real terms. Ninety five per cent of the income of medical schemes was derived from membership fees. The average real growth … rate of income was 8.4 per cent, while net assets increased by only 3 per cent. An average deficit of R11.02 million …

equilibrium to achieve a simple, linear model, that only depends on inflation, the output gap, and the interest rate, in the case … inflation dynamics is crucial. Because of the controversial debate on the importance of expectations, the consequences of … central banks should react stronger to changes in inflation and output under uncertainty. Furthermore, it is shown that …

This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand … and a vector error correction model (VECM), it is found that the long-run relationship between inflation and real income … expenditure too is positively related to real income in the long-run. These findings raise a serious doubt about the "inflation …

; calculations for the supplies and expenses budget; income statements; the hospital’s budgetary cycle; break-even analysis; analysis …

-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …