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Since the Great Recession, macroeconomic discussion has been dominated by discussions of aggregate demand, and how to create more of it through monetary and fiscal policies. That has led to a strange state of affairs where those topics still dominate the debate, even though they’ve done most of the job economics expects of them: The...
What it’s not about is the kind of economics you read about in the news. It’s not about growth or unemployment, fiscal stimulus or interest rates, trade agreements or productivity. It might be indirectly related to those things — Holmström’s work on financial crises and debt certainly has relevance for what happened in 2008. But...
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The generated Lorem Ipsum is therefore always free from repetition injected humour, or non-characteristic words etc.
The generated Lorem Ipsum is therefore always free from repetition injected humour, or non-characteristic words etc.
The generated Lorem Ipsum is therefore always free from repetition injected humour, or non-characteristic words etc.