The Limitations of Shadow Rates
There is widespread agreement among economists that market prices, including exchange rates and interest rates, are not reliable measures of social costs and benefits.
KeywordsMarket Price Income Distribution Foreign Exchange Public Investment Shadow Price
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Unable to display preview. Download preview PDF.
© Alec Cairncross and Mohinder Puri 1976