From the first day of the COVID-19 pandemic, it was clear that negative impact of it would hit both, demand and supply side of the economies in different countries all over the world. First and most severe obstacle for the economies was supply side shock caused by restrictions imposed by the...

From the first day of the COVID-19 pandemic, it was clear that negative impact of it would hit both, demand and supply side of the economies in different countries all over the world. First and most severe obstacle for the economies was supply side shock caused by restrictions imposed by the...

This study has adopted the actual household expenditure data from the national accountstoconstruct a true inflation rate (using the Fisher index) and found that the official inflationrateinthe 33 OECD countries was an overestimate of true inflation for 22 and underestimate in11countries in the...

This study has adopted the actual household expenditure data from the national accountstoconstruct a true inflation rate (using the Fisher index) and found that the official inflationrateinthe 33 OECD countries was an overestimate of true inflation for 22 and underestimate in11countries in the...

We derive the Kaldorian cumulative causation mechanism as an emergent property of the dynamics generated by a micro-founded model. We build on an evolutionary growth model which formalises the endogenous relations between structural changes in the production, organisation and functional...