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monetary shocks

The Darwinist Business Cycle

Economists have for a long while sought ways to model the mechanisms that generate business cycles but have found it difficult to find models that describe the erratic behavior of business cycles, which can often not be explained by shocks to the economy alone. In this thesis the concept of the business cycle dichotomy is …

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Categories Miscellaneous Projects Tags business cycle models, capitalist economic system, monetary shocks
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