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Very well written article. Useful information. Thanks for sharing! Benzo Fury
Commented Nov 21, 2011 on Some unpleasant Keynesian arithmetic at Dani Rodrik's weblog
Some unpleasant Keynesian arithmetic
How much of a boost to economic activity will a fiscal stimulus provide? For those who believe that we have entered a Keynesian world of shortage of aggregate demand--me included--the answer depends on the Keynesian multiplier. The size of this multiplier depends in turn on three things in par...
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