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finds statistical evidence that using commercial and savings banks instead of investment banks when implementing …
Persistent link: https://www.econbiz.de/10012406113
This book comprehensively and scientifically tests the assertion that accommodative monetary policy can eliminate the "crowd out" problem, allowing fiscal stimulus programs (such as tax cuts or increased government spending) to stimulate the economy as intended. The book is intended to be the...
Persistent link: https://www.econbiz.de/10012406111
Accommodative Monetary Policy -- Chapter 5. The Role of Primary Dealers, Investment Banks and Foreign Banks in Federal Reserve … of Pharmacy, Albany, NY, USA This book comprehensively and scientifically tests the assertion that accommodative monetary … University of Albany-SUNY, and retired Clinical Professor of Economics at Rensselaer Polytechnic Institute, both in New York, USA. …
Persistent link: https://www.econbiz.de/10012496222
We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...
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As Jeff Madrick makes clear, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who argue that self-interest guides society more effectively than community concerns. In telling the stories of these politicians,...
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