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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Two when there are actually three
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Showing posts with label
Two when there are actually three
.
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Thursday 3 September 2009
Two when there are actually three
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It is generally accepted that the economy is divided in two parts: the monetary economy and the non-monetary or real economy. It is also gen...
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