A few days ago, Tressie McMillan Cottom published an insightful article in The Times about the power of “folk economics” — which she defined as “the very human impulse to describe complex economic ...
This paper analyzes whether the short-run behavior of output, the interest rate, and the price level in the U.S., Germany, France, the U.K., and Italy follows the qualitative predictions of the IS-LM ...
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