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consumer durables are investments too, (4) to highlight how such durables fit into the macro-economic theory of slumps, (5) to …
Persistent link: https://www.econbiz.de/10005836404
A win-win measure that will contribute to getting us out of the crisis is the abolition of the tax void in OECD countries. The tax void is explained with graphics and it is shown how it can be eliminated for free. Adjustment costs will lie in understanding and adaptation of administrative...
Persistent link: https://www.econbiz.de/10005070466
-economic theory can come at ease with deflation as a temporary state that is logically implied by the notion of price stability. What …
Persistent link: https://www.econbiz.de/10005619928
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
economic theory. The monetary authorities and financial regulators provide us with piecemeal engineering on the fly but there … is a lack of overview. The lack of convincing theory and strategy becomes especially worrying when we see the crisis … the economic crisis that it is, but apparently with little guidance from economic theory on how to solve it. The time …
Persistent link: https://www.econbiz.de/10005623412