In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under uncertainty and risk aversion which resolves problems left unsolved by Keynes in a manner consistent with his work. Keynes established that both the short-run and long-run performance of...

This article evaluates changes in the aggregate effectiveness of monetary policy and changes in monetary policy transmission mechanisms by examining how traditional large-scale macroeconometric models have evolved in the last ten to fifteen years. The article analyzes shifts in model structure...

The research study attempts to quantify probable macroenconomic effects of demographic changes in Kenya given the available evidence that Kenya is going through a demographic transition. First, the study establishes linkages between demographic variables and sectoral government expenditures...