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Persistent link: https://www.econbiz.de/10000816308
The 1980s were both the lost decade of growth for much of Latin America and Africa, and the period in which -- through … the new growth theory -- macroeconomists returned to the study of growth and development. The new growth theory is … policy -- as reflected for instance in the rate of inflation and the budget deficit -- in determining growth. This paper …
Persistent link: https://www.econbiz.de/10012475304
This paper surveys much of modern macroeconomics. The focus is on the core macroeconomic issue, of the reasons for macroeconomic fluctuations and sometimes persistent unemployment. To provide continuity and perspective on how promising research leads of the past turned out, the paper starts by...
Persistent link: https://www.econbiz.de/10012476594
The 1980s were both the lost decade of growth for much of Latin America and Africa, and the period in which -- through … the new growth theory -- macroeconomists returned to the study of growth and development. The new growth theory is … policy -- as reflected for instance in the rate of inflation and the budget deficit -- in determining growth. This paper …
Persistent link: https://www.econbiz.de/10013247273
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