Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960-1985

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by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with the tenet of Keynesian economics that cyclical movemants in prices and output relative to their res...
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by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with the tenet of Keynesian economics that cyclical movemants in prices and output relative to their res...
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  • Formats: pdf
  • ISBN: 9783642456626
  • Publication Date: 6 Dec 2012
  • Publisher: Springer Berlin Heidelberg
  • Product language: English
  • Drm Setting: DRM