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Empirical work in macroeconomics is plagued by small sample size and large idiosyncratic variation. This problem is especially severe in the case of transition economies. We use a mixed estimation method incorporating information from OECD country data to estimate the parameters of a...
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This thought-provoking book clearly and systematically analyses the post-Keynesian approaches to endogenous money and … perspective the author offers an historical overview of the post-Keynesian and circuit approaches to endogenous money, starting … writings of Joan Robinson and Richard Kahn who offered far better theories of credit-money. The author then compares the …
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articles on topics such as money, finance and policy, this book highlights the bridges built between American post …
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"This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and explains what these developments mean for U.S. dollar policy. There is no conflict between what is appropriate U.S. monetary policy at home or abroad because the dollar is the world's...
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