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Time, inflaltion and growth

By: Material type: TextTextPublication details: New Delhi; Orient Longman; 1988Description: 54 pISBN:
  • 861318781
Subject(s): DDC classification:
  • 339.52 PAT
Summary: The behaviour of output, prices and other macroeconomic variables over time has generated a voluminous literature. Different schools, notably the Keynesian and the Monetarist, adopt different approaches in investigating this behaviour. The author, in these lectures, points out certain inadequacies inherent in each of these approaches, especially in the context of a developing economy and suggests an alternative framework which is sui generis in nature and which throws light on the coexistence of limited public investment along with deficient aggregate demand in India.
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The behaviour of output, prices and other macroeconomic variables over time has generated a voluminous literature. Different schools, notably the Keynesian and the Monetarist, adopt different approaches in investigating this behaviour. The author, in these lectures, points out certain inadequacies inherent in each of these approaches, especially in the context of a developing economy and suggests an alternative framework which is sui generis in nature and which throws light on the coexistence of limited public investment along with deficient aggregate demand in India.

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