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asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis …

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The economics of immigration : an Austrian contribution

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Modern Financial Crises : Argentina, United States and Europe

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wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review … macroeconomic theory, re-evaluating Keynes’ original contribution to economic analysis and pointing out the need to rebuild …

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Privatization : critical perspectives on the world economy

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Keynesian, classical and new Keynesian approaches to fiscal policy : comparison and critique

Palley, Thomas I. - 2012

The short-run macroeconomic effectiveness of fiscal policy depends on the effect of policy on AD and the effect of AD on output. This paper examines how macroeconomic perspectives (Keynesian, Post Keynesian, monetarist, classical, new classical, and new Keynesian) describe the effect of AD on...

Persistent link: https://www.econbiz.de/10009616508

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Concordian economics : a structure at three levels

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