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The monetarist counterrevolution and the stagflation period of the 1970s were among the theoretical and practical developments that led to the rejection of fiscal policy as a useful tool for macroeconomic stabilization and full employment determination. Recent mainstream contributions, however,...
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This important new book brings together a significant body of new essays on some of the central economic problems facing governments, firms and individuals in the 1990s. Under the direction of Paul Davidson and Jan Kregel, an international group of distinguished economists provide new...
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country like Tunisia. It argues that an ELR-led economic development policy is vastly superior to the traditional import … substitution industrialization (ISI), export-led, and FDI-led development models, all of which Tunisia has adopted without much … success in reducing unemployment. Despite outperforming its peers in terms of macroeconomic stability, Tunisia’s official …
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