Specifying “Demand”: Nick Rowe Meets Steve Keen on His Own Ground
…include a curve in an accounting identity.) But if you assume a price point — say, the price point that exists at that given moment — you can specify demand…
…include a curve in an accounting identity.) But if you assume a price point — say, the price point that exists at that given moment — you can specify demand…
…consumer price index 6 months after the date of the survey. The forecast inflation rate (finf6) is the square of the ratio of that forecast and the price level in…
…proceeds) always accommodates itself to the aggregate supply price; so that, whatever the value of N may be, the proceeds D assume a value equal to the aggregate supply price…
…fiscal theory of the price level is the theory of the immaculate debt inflation. It must hold, but firms setting prices don’t consider the public debt and expected future primary…
…explain a bit more. There are two huge advantages of a peg. First the rule for maintaining one is very simple — just sell at a price as much as…
…further back. Robert Shiller has argued that there has long been a widespread and erroneous belief that the ratio of house prices to the consumer price index has an upward…
…group. I’ve done this experiment with other groups – which would you rather have for you and your family, 1980 healthcare at 1980 prices or 2015 healthcare at 2015 prices?…
…that Gilead Sciences has placed on its Hepatitis-C drugs Sovaldi since 2013 and Harvoni since 2014, the US government has not seen fit to regulate drug prices. UK Prescription Price…
…prescription prices,” Public Citizen’s Peter Maybarduk (Director) had this to say: “Eli Lilly is notorious for spiking prices of a century-old isolated hormone during Azar’s tenure as president and vice…
…course Bob Shiller has made pretty reliable estimates regarding housing prices based on price to rent and price to income ratios. His studies of these by 2005 were pretty decisive…