Titlebook: Debates in Monetary Macroeconomics; Tackling Some Unsett Steven Pressman,John Smithin Book 2022 The Editor(s) (if applicable) and The Autho

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What is the Sign of the Balanced Budget Multiplier?,balanced increase in government expenditure and taxes as a percentage of GDP will therefore lead to stagflation. ‘Tax and spend’ will not work. An increase in the average tax rate, in and of itself, will cause inflation.

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In Defence of Flexible Exchange Rates in a Small Open Capitalist Economy, in strongly abstract theoretical models. They are popular because they provide convenient mathematical simplifications in order to create closed-form solutions - in defiance of many of the realities on the ground.

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Book 2022nd monetary policy. For each topic, there are two authors — one arguing for a certain policy and one against. The book takes an approach eschewing mathematics or econometrics, instead presenting arguments in the spirit of political economy - while incorporating the most recent thinking in macroecono

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