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Open Economy Minsky-Keynes and Global Financial Crises ∗

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Abstract

In the 1930s mainstream economists reacted to the deepening crisis by abandoning the policies that derived from their macroeconomic theory, but without abandoning the theory. To quote Minsky: Keynes ’ novelty and relative quick acceptance as a guide to policy were not due t

Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.195.5321
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