English, Article, Journal or magazine article edition: A method for macroeconomic consistency in current and constant prices Khadr, Ali; Schmidt-Hebbel, Klaus

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Bookmark: http://trove.nla.gov.au/version/116015
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A method for macroeconomic consistency in current and constant prices
Author
  • Khadr, Ali
  • Schmidt-Hebbel, Klaus
Physical Description
  • preprint
Notes
  • This paper extends earlier work on current-price budget identities to treat constant-price flow relations. It introduces relative prices and constant-prices values for all relevant output and aggregate demand components and permits a distinction between real variables and relative price changes. It also permits breaking the changes in asset and liability holding down into: (a) changes in real holdings; and (b) capital gains and losses due to inflation and exchange rate depreciation. This makes possible a distinction between savings and a change in real wealth or"adjusted"savings.
  • Economic Theory&​Research,Banks&​Banking Reform,Economic Stabilization,Environmental Economics&​Policies,Macroeconomic Management
  • RePEc:wbk:wbrwps:306
Language
  • English
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