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Comment on J. P. Neary and D. D. Purvis, “Sectoral Shocks in a Dependent Economy: Long-run Adjustment and Short-run Accomodation”

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Long-Run Effects of Short-Run Stabilization Policy

Part of the book series: Scandinavian Journal of Economics ((SJE))

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Abstract

The results of this paper are plausible enough, but I have considerable reservations as to whether the model presented is well designed to illustrate the central proposition. Moreover there are a number of problems in the structure of the model and the details of its exposition. In this comment I take these points in turn.

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© 1983 The Scandinavian Journal of Economics

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Flemming, J.S. (1983). Comment on J. P. Neary and D. D. Purvis, “Sectoral Shocks in a Dependent Economy: Long-run Adjustment and Short-run Accomodation”. In: Calmfors, L. (eds) Long-Run Effects of Short-Run Stabilization Policy. Scandinavian Journal of Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06349-9_9

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