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Money and general disequilibrium
(Gokhale Institute of Politics and Economics (GIPE), Pune (India), 2015-09)
This paper explores the existence of monetary general equilibrium in the context of a classical model of general equilibrium theory based on the static open Leontief model. It begins by constructing the model of an ideal ...
Input-Output theory of interest rates (The)
(Gokhale Institute of Politics and Economics (GIPE), Pune (India), 2015-04)
Extant theories of interest rates seek to determine of the level of the interest rate without reference to the structure of interest rates. In contrast, this paper proposes a unified theory of the level and structure of ...