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Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...
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pt. 1. Heterodox economic theory and money in macroeconomics -- pt. 2. Distribution and aggregate demand -- pt. 3 …: the development of heterodox theory, the role of money in macroeconomics, the relationship between distribution and …
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