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Ethics leads to the thesis of the banality of bad system results and the banality of good system results. The third step …
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and Luhmann primarily address the mirror-inverted problems and dangers of a lifeworld colonialization of the system. …
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We investigate the relative roles of monetary policy and shocks in causing the Great Moderation, using indirect inference where a DSGE model is tested for its ability to mimic a VAR describing the data. A New Keynesian model with a Taylor Rule and one with the Optimal Timeless Rule are both...
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