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The formation of macroeconomic policy is conceptualized as on-going process of interaction between private individuals and a centralized policymaker. This interaction is inherently strategic in nature and lends itself to a game-theoretical treatment. Starting from the basic principle of rational...
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government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main …
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government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main …
Persistent link: https://www.econbiz.de/10014015248