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The Gospel of Keynesian Reality, Development and Application of Modigliani’s Model, 1944–2003,The Realm of Stabilization Policies

  • Michael Szenberg
  • Lall Ramrattan
Chapter
  • 123 Downloads
Part of the Great Thinkers in Economics Series book series (GTE)

Abstract

Prior to the Great Depression, John Maynard Keynes embraced the cyclical mechanisms that are the bedrock of full employment analysis in his monetary studies. Around 1923, Keynes recognized that “the problem of stabilization has several sides.”1 Inflation and deflation attracted paramount attention, relating to the problem of devaluation of exchange rates, and restoration of the Gold Standard.

Keywords

Interest Rate Monetary Policy Fiscal Policy Money Supply European Central Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Michael Szenberg and Lall Ramrattan 2008

Authors and Affiliations

  • Michael Szenberg
    • 1
  • Lall Ramrattan
    • 2
  1. 1.Pace UniversityNew YorkUSA
  2. 2.University of CaliforniaBerkeley ExtensionUSA

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