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, and Wicksell / John Smithin and Eric Kam -- 8 Garegnani, Ackley and the years of high theory at Svimez / Sergio Cesarrato …
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suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory. But … future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset …
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This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
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