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the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic … stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …
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The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...
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