Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI
A negative interest rate is impossible under CMUCPP in terms of the Daily CPI.
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Showing posts with label
Inflation at the micro level
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Showing posts with label
Inflation at the micro level
.
Show all posts
Thursday 3 December 2009
Inflation at the micro level
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Kalinka, yesterday we saw that no-one gains in SA from inflation at the macro level. Who gains from inflation at the micro level? Everyo...
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