Jump to ContentJump to Main Navigation

You are looking at 1-20 of 20 items

  • Keywords: price level x
Clear All Modify Search

View:

Regional Output Differences in International Perspective

Ravi Kanbur and Anthony J. Venables

in Spatial Inequality and Development

Published in print:
2005
Published Online:
April 2005
ISBN:
9780199278633
eISBN:
9780191602191
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199278636.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

Accurate regional estimates of output are desired as an indicator of level of development and as a variable used to explain internal migration, demand patterns, fertility and other aspects of ... More


Supply Management Options

Alfred Maizels, Robert Bacon, and George Mavrotas

in COMMODITY SUPPLY MANAGEMENT BY PRODUCING COUNTRIES: A Case-Study of the Tropical Beverage Crops

Published in print:
1997
Published Online:
October 2011
ISBN:
9780198233381
eISBN:
9780191678981
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198233381.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

In terms of markets for both primary commodities and manufactured goods, a structural surplus in the world market — or one that has resulted from the faster expansion rate of productive capacity and ... More


Remembering Inflation

Brigitte Granville

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691145402
eISBN:
9781400846443
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691145402.001.0001
Subject:
Business and Management, Finance, Accounting, and Banking

Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the “Great Inflation” that spanned the late 1960s to early 1980s. Yet, this book makes ... More


Informal Finance, Underground Finance, Illegal Finance, and Economic Movement: A National Analysis

Jianjun Li

in Informal Finance in China: American and Chinese Perspectives

Published in print:
2009
Published Online:
February 2010
ISBN:
9780195380644
eISBN:
9780199869329
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195380644.003.0003
Subject:
Economics and Finance, International, South and East Asia

This chapter looks at characteristics of informal finance across China, based on a national survey of firms and banks. During the new turn of macroeconomic regulation and control that started in ... More


Monetary Policy Rules, the Fiscal Theory of the Price Level, and (Almost) All that Jazz: In Quest of Simplicity

Leonardo Auernheimer

in Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262182669
eISBN:
9780262282284
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262182669.003.0004
Subject:
Economics and Finance, Econometrics

This chapter presents a simple continuous-time model with microeconomic foundations and uses it to analyze some of the questions related to the fiscal theory of the price level (FTPL) and to a policy ... More


Two Decades of Japanese Monetary Policy and the Deflation Problem

Takatoshi Ito and Frederic S. Mishkin (eds)

in Monetary Policy with Very Low Inflation in the Pacific Rim

Published in print:
2006
Published Online:
February 2013
ISBN:
9780226378978
eISBN:
9780226379012
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226379012.003.0005
Subject:
Economics and Finance, South and East Asia

This chapter reports a long comprehensive survey of Japanese monetary policy over the last two decades: the period of bubble and burst (1985–1997) and the issue under the new law of the Bank of Japan ... More


The Macmillan Committee: The exposition of the Treatise

Peter Clarke

in The Keynesian Revolution in the Making, 1924–1936

Published in print:
1990
Published Online:
October 2011
ISBN:
9780198202196
eISBN:
9780191675201
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198202196.003.0008
Subject:
History, British and Irish Modern History, Economic History

The Treatise took shape as two volumes: Volume One, The Pure Theory of Money, and Volume Two, The Applied Theory of Money. When it was published, it was generally agreed that its most original ... More


The Index Number Problem: Construction Theorems

Sydney Afriat

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199670581
eISBN:
9780191773785
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670581.001.0001
Subject:
Economics and Finance, Econometrics, Microeconomics

A theft amounting to £1 was a capital offence in 1260 and a judge in 1610 affirmed the law could not then be applied since £1 was no longer what it was. Such association of money with a date is well ... More


Monetary Policy Frameworks after the Great Financial Crisis

Huw Pill and Frank Smets

in The Great Recession: Lessons for Central Bankers

Published in print:
2013
Published Online:
January 2015
ISBN:
9780262018340
eISBN:
9780262305921
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262018340.003.0002
Subject:
Economics and Finance, Financial Economics

In the eyes of some, the great financial crisis has raised questions about whether price-stability oriented monetary policy frameworks – that, until only a few years ago, were credited with ... More


Comparative analysis of costs of some selected infrastructure components across Africa

Oliver Chinganya, Abdoulaye Adam, and Marc Kouakou

in Infrastructure in Africa: Lessons for Future Development

Published in print:
2017
Published Online:
September 2017
ISBN:
9781447326632
eISBN:
9781447326663
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781447326632.003.0014
Subject:
Political Science, Comparative Politics

The economic growth and development of a country depend on a solid infrastructure and the robustness of systems that have been put in place. Together, these constitute a nation’s “engine of growth” ... More


Contracts, Ownership, and Industrial Organization: Past and Future

Patrick Legros and Andrew F. Newman

in The Impact of Incomplete Contracts on Economics

Published in print:
2016
Published Online:
January 2016
ISBN:
9780199826223
eISBN:
9780190259020
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199826223.003.0018
Subject:
Economics and Finance, Public and Welfare

This chapter and Andrew Newman note that while GH’s paradigm has permeated the field of industrial organization, it is used in a very parsimonious way—the dominant view of the firm being that of a ... More


Friedman and the Income Effects of Financing Government Deficits

Robert D. Auerbach

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0023
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

This chapter discusses Milton Friedman’s research on the effects of changes in the money supply and government deficit spending on price levels, stock prices and private income. Robert Auerbach’s ... More


The Power Algorithm

S. N. Afriat

in The Index Number Problem: Construction Theorems

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199670581
eISBN:
9780191773785
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670581.003.0003
Subject:
Economics and Finance, Econometrics, Microeconomics

This chapter discusses the power algorithm central to the proposed method for solving the Index Number Problem. It explains the construction of a fitting constant returns utility as provided by the ... More


The Analytical Foundations of Monetarism

John Eatwell and Murray Milgate

in The Fall and Rise of Keynesian Economics

Published in print:
2011
Published Online:
April 2015
ISBN:
9780199777693
eISBN:
9780190261344
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199777693.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the theoretical foundations of monetarism and the nature of the relationship between the general price level and quantity of money. It focuses on interrelated sources of ... More


The System of Inequalities ars > xs−xr

S. N. Afriat

in The Index Number Problem: Construction Theorems

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199670581
eISBN:
9780191773785
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670581.003.0007
Subject:
Economics and Finance, Econometrics, Microeconomics

The price index, a pervasive and old institution of economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs for maintaining a given standard of living in ... More


Milton Friedman and US Monetary History

Michael D. Bordo

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0008
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

Milton Friedman was one of the greatest economists of the twentieth century. He also was a leading economic historian. His book with Anna Jacobson Schwartz, A Monetary History of the United States, ... More


Utility Construction—Revisited

S. N. Afriat

in The Index Number Problem: Construction Theorems

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199670581
eISBN:
9780191773785
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670581.003.0009
Subject:
Economics and Finance, Econometrics, Microeconomics

The proposal that demand is governed by utility leads to the question of how to arrive at the utility, from evidence provided by the demand. For while demand is, in principle, directly observable, ... More


The Connection Between Demand and Utility

S. N. Afriat

in The Index Number Problem: Construction Theorems

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199670581
eISBN:
9780191773785
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670581.003.0011
Subject:
Economics and Finance, Econometrics, Microeconomics

Relations by which demand and utility are connected have variants and alternative expressions; and parts generally independent become interdependent under assumptions about the utility. This ... More


Principles of Choice and Preference

S. N. Afriat

in The Index Number Problem: Construction Theorems

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199670581
eISBN:
9780191773785
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670581.003.0008
Subject:
Economics and Finance, Econometrics, Microeconomics

A first step in the examination of an act is to view it as a choice. With a choice there is the problem of accounting for the singularity of what is done which differentiates it in the variety of ... More


Revealed Preference Revealed

S. N. Afriat

in The Index Number Problem: Construction Theorems

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199670581
eISBN:
9780191773785
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670581.003.0012
Subject:
Economics and Finance, Econometrics, Microeconomics

The revealed preference method of Samuelson and Houthakker, dealing with the existence of a numerical utility fitting a given demand function, is examined again. After discussion of the method and ... More


View: