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recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …
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A roadmap to "rethinking macro" / Olivier Blanchard and Rafael Portillo -- Debt supercycle not secular stagnation / Kenneth Rogoff -- Rethinking secular stagnation after seventeen months / Lawrence Summers -- Systemic risk and financial regulation -- A note from the session on systemic risk and...
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private consumption while others, like the ASEAN economies, need to raise investment. Given that China accounts for such a …
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is Japan's saving behavior, the second is the remarkable swing in asset prices that occurred in the late 1980s and early …
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