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Geldpolitik muss rasch auf eine energische Anti-Deflationspolitik einschwenken, das heißt Null-Zinsen auf der einen Seite und …
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The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets –“natural rate theory”- dominated interpretations of...
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