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Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model

✍ Scribed by Hein, Eckhard; Stockhammer, Engelbert

Book ID: 120210979
Publisher: Taylor and Francis Group
Year: 2010
Tongue: English
Weight: 667 KB
Volume: 22
Category: Article
ISSN: 0953-8259
DOI: 10.1080/09538259.2010.491283

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## ABSTRACT A common view is now pervasive in policy research at universities and central banks, which one could call the New Keynesian consensus, based on an endogenous money supply. This new consensus reproduces received wisdom: in the long run, expansionary fiscal policy leads to higher inflatio