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Keyword: multiple equilibria;
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Partha Dasgupta
This paper is about measuring social well-being and evaluating policy. Part I is concerned with the links between the two, while Parts II and III, respectively, are devoted to the development of appropriate methods of me...Read more...
June 2000
Luis Carranza and Jose E. Galdon-Sanchez
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income econo...Read more...
March 2000