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.2 depending on the fiscal instrument, the extent of monetary accommodation and the presence of a financial accelerator mechanism …
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period. This paper argues that a missing multiplier-accelerator mechanism from standard models may hold the key …
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his seminal 1939 multiplier-accelerator model with the specific aim to address aspects of Hansen's secular stagnation … and a tight accelerator as in his 1939 model, Samuelson deployed differential equations and a flexible accelerator in …
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