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Drama --- Classical Greek literature

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On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than taxed. The focus of policy towards windfalls should be monetary rather than fiscal. The central bank should accommodate aggregate changes in the demand for financial assets. The private sector will initially wish to increase its claims on the central bank as it saves the windfall, but will then reduce them as portfolios are switched into real assets.

Banks and Banking --- Macroeconomics --- Money and Monetary Policy --- Investments: Commodities --- Aggregate Factor Income Distribution --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Monetary Policy --- Demand for Money --- Agriculture: General --- Banking --- Monetary economics --- Investment & securities --- Income --- Monetary base --- Reserves accumulation --- Demand for money --- National accounts --- Money --- Central banks --- Agricultural commodities --- Commodities --- Banks and banking --- Money supply --- Foreign exchange reserves --- Farm produce --- Kenya

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Company law. Associations --- Financial law

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Industrial economics --- History of Africa --- Zimbabwe

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International economic relations