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The dynamics of social development shows that, throughout history, economies have experienced periods of boom and crisis, which were repeated at short, medium and long term, which induces the idea of cyclicality. The effects of the crisis were experienced in terms of investment, output,...
Persistent link: https://www.econbiz.de/10010857174
expectations would have remained anchored and the stagflation of the 1970s would have been avoided. Indeed, we find that less …
Persistent link: https://www.econbiz.de/10005345289