What did Keynes means by full employment? What did he mean by budgets deficits? and how did he propose to deal with the problem of what Alvin Hansen called 'secular stagnation'?

This paper discusses some of the recent developments in growth theory, doing so from the perspective of a small open economy. After setting out a basic generic model, we show how it may yield two of the key models that have played a prominent role in the recent literature, the endogenous growth...

The argument of this paper is that was never enough agreement between Britain and United States on the 'rules of the game' to make the Bretton Woods Agreement any more than a form of words to paper over the cracks. There were far too many contractual escape clauses and 'voluntary misunderstandings'.