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This outstanding collection of William Brock's essays illustrates the power of dynamic modelling to shed light on the forces for stability and instability in economic systems. The articles selected reflect his best work and are indicative both of the type of policy problem that he finds...
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This unorthodox book derives and tests a simple theory of economic time series using several well-known empirical … economic puzzles, from stock market bubbles to the failure of conventional economic theory, to explain low levels of inflation …
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