Monetary Factors Affecting Economic Stability
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When I was informed how the world had been divided between Robertson and Viner, and then a part of it subdivided between Perroux, Lundberg and myself, I at first judged myself lucky, because, unlike Robertson and Viner, I could forget about Progress and concentrate on Stability; moreover, ‘real’ factors are taken care of by Perroux and international aspects by Lundberg.
KeywordsMonetary Policy Business Cycle Monetary Authority Aggregate Output Wage Rigidity
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