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that occurred in Spain during the 1960s. Economic growth improved in the 1950s after a decade of stagnation, but it was … economic growth and helped change attitudes and mentalities. Moreover, the Plan had a long-term impact by allowing Spain to …
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"This paper explains the key factors that determine the effectiveness of government purchases as a means of increasing output and employment in New Keynesian models, through a series of simple examples that can be solved analytically. Delays in the adjustment of prices or wages can allow for...
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