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This article traces the evolution of the Post-Keynesian school in France since the mid-1970s. Starting out inauspiciously from a Keynesian tradition of little influence, the school’s growth was slowed by strong competition from other schools (both orthodox and heterodox) in a context of...
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This article is an attempt to show that China's post-socialist transformation involved a change in its growth regime. Indeed, during the Maoist era, it took the form of a "forced growth" as theorized by Kornai (1972). In addition, "export aversion" was one of the main characteristics of Chinese...
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The Great Recession has revived economic policy debates from the 1930s between the advocates of a balanced budget under all circumstances and the supporters of counter-cyclical fiscal policies. Since 2012, a consensus has emerged that fiscal policy is more effective in recessions that during...
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This article has two objectives: to study the 1997 episode of hyperinflation in Bulgaria and to compare and contrast this analysis with the post-Keynesian theoretical approach. This approach highlights the role of three components observed simultaneously in order to understand the emergence of...
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