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Persistent link: https://www.econbiz.de/10001717051
"In his famous 1987 monograph, Robert Lucas argued that further stabilizing the business cycles that persisted in the post-War era was pointless, because these cycles had a negligible effect on societal well- being. In particular, Lucas demonstrated that society should be willing to pay only a...
Persistent link: https://www.econbiz.de/10001915579