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What we show is this article is that there is a link between Post- Keynesian theory and Institutional Economy. This link can help us (i) to understand the instability of the monetary economies and (ii) to oberve the relevance of the institutions in the coordenation process of the monetary economies.
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Carlo method was applied to consider the uncertainty in the elasticities values, following Hallren e Opanasets (2018). The … sensitivity of AVEs to variations in elasticities, admitting uncertainty. …
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