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"Another side of the debate, which isn't really paid attention to beyond lip-service, argues that all we have had for the past 60+ years is Keynesian policies " An incredible travesty of history. Keynesian full employment macro-management was largely abandoned from the late 1970s and early 1980s. Over the past 30 years we have had a revived neoclassical approach to macro, generally with its emphasis on monetary policy and inflation targeting, and rejection of older fiscal activism.
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Jun 2, 2013