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This paper explores zero lower bound (ZLB) economics. The ZLB is widely invoked to explain stagnation and it fits with …
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This paper examines Steindl s original 1952 model and relates it to subsequent stagnationist models. The model is then extended by introducing endogenous changes in the markup and a reformulation of the investment function. These extensions address weaknesses of the simpler models, find support...
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Eurozone can be seen as a version of what Steindl (1979) had called 'stagnation policy'. To underline this argument, I will … provide a simple Steindlian distribution and growth model in order to identi-fy the main channels through which stagnation … policy affects accumulation and productivity growth. This will also provide a set of elements of a Steindlian anti-stagnation …
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