The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach
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The paper considers the analytical underpinnings of the scope for and limits of demand and supply management. After restating a general policy effectiveness result for New-Classical macroeconomic models, several non-Walrasan equilibrium models are considered. These use the efficiency wage hypothesis
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美国国家经济研究局创建时间：
1987-08-01
