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Results on Schinasi’s (Rev Econ Stud 48:649–653, <CitationRef CitationID="CR12">1981</CitationRef>; J Econ Theory 28:369–375, <CitationRef CitationID="CR13">1982</CitationRef>) variant of the dynamic fixed-price IS–LM model have remained so far confined to Kaldorian type economies, namely to those economies which present a greater-than-unity marginal propensity to spend out...</citationref></citationref>
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