A Monetary Model of Long Cycles

  • Pekka Korpinen
Conference paper


The reasons for the slow growth in the world economy since 1973 are not yet fully understood. In search of possible explanations, the long-cycle hypothesis has attracted renewed interest.


Interest Rate Monetary Policy Price Level Money Supply Real Interest Rate 
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© Springer-Verlag Berlin Heidelberg 1987

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  • Pekka Korpinen

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