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In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic dynamics faced by developed economies. Based in the existing literature, we elaborate on a workable definition of secular stagnation founded on four pillars:...
Persistent link: https://www.econbiz.de/10012815750
social institutions, considering money as one. Such framework allows for the construction of axioms from which we formulate …
Persistent link: https://www.econbiz.de/10013170942