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This article deals with the relevancy of expansionary monetary policy in a situation of financial crisis in an historical perspective. We simulate, within a svar framework, the effects of expansionary monetary policy over the period 1929-1933, in the us. We suggest a renewed monetary lesson in...
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Much of the economic growth literature has focused on the contribution of human capital to national development. Two assumptions have remained largely unexamined: (I) economic stability results from economic growth, and (II) investments in human capital result in economic growth (ceteris...
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