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It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … which Keynesianism had pushed it, RE-NC modelling was responsible for that theory's most recent disappearance. This happened … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …
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; expectations ; depression ; recession ; Keynesian economics ; monetarism ; monetary policy …
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