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of the rate of utilization. Fourth, the SSM model is a peculiar way to reach what Garegnani called the "Second Keynesian …
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utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution …-run rate of utilization of capital. Finally, it argues that when it comes to the normal rate of utilization, it is the expected … Nikiforos (2016), it provides an in-depth examination of the Federal Reserve measure of capacity utilization and shows that it …
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