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A New General Theory of Economic Equilibrium

Author

Listed:
  • Gopi Kumar Bulusu

    (A First Institute for Geo Economic Studies, Gravity 2.0 Research Foundation)

Abstract

This paper lays the core foundation for a new general theory of equilibrium; The paper defines and describes macroeconomic concepts of Return on Savings (#RoS), Return on Investment (#RoI) and Return on Innovation (#RoIn) and explains an equilibrium between return on economy (#RoE) or GDP growth and the geometric mean of RoS, RoI and RoIn; The paper then goes on to show why central banks should stay away from interest rate management

Suggested Citation

  • Gopi Kumar Bulusu, 2017. "A New General Theory of Economic Equilibrium," Online Paper 0001, IGES Research, revised Jul 2017.
    • Handle: RePEc:ige:opaper:0001
    as

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    More about this item

    Keywords

    Monetary Policy; Interest Rates; Equilibrium; Return on Innovation;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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