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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The stable measuring unit assumption is the enemy in the real economy
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Showing posts with label
The stable measuring unit assumption is the enemy in the real economy
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Thursday 23 July 2009
The stable measuring unit assumption is the enemy in the real economy
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Fin24.com today reported that: "Head of research at the South African Reserve Bank (Sarb), Dr Johan van den Heever, said Governor-ele...
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