A New General Theory of Economic Equilibrium

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

No 1, Online Paper from IGES Research

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

Keywords: Monetary Policy; Interest Rates; Equilibrium; Return on Innovation (search for similar items in EconPapers)
JEL-codes: C50 E43 E52 E62 O38 O40 (search for similar items in EconPapers)
Pages: 03 pages
Date: 2017-05, Revised 2017-07
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ige:opaper:0001

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