This paper proposes a new and unified framework for the Sen and Sen-Shorrocks-Thon indices of poverty intensity, which shows an explicit connection between the two indices and the undelying social evaluation function. This paper also identifies the common multiplicative decomposition of the two...

The measurement of poverty intensity we use was initially advocated by Sen (1976), and modified recently by Shorrocks (1995). However, since Thon (1979, 1983) proposed arevision of the Sen index which in the limit is identical to that of Shorrocls, we refer henceforth to the SSR index. Section 2...

How do firms adjust prices in the marketplace? Do they tend to adjust prices infrequently in response to changes in market conditions? If so, why? These remain key questions in macroeconomics, particularly for central banks that work to keep inflation low and stable. The authors use the Bank of...