Titlebook: Jenseits von Rif und Ruhr; 50 Jahre marokkanisc Andreas Pott,Khatima Bouras-Ostmann,Soraya Moket Book 2014 Springer Fachmedien Wiesbaden 20

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Sarah Carol,Rahim Hajji,Ruud Koopmans the second by Solow’s 1956 model. Harrod is considered to be the first to highlight the pervasive instability in macrodynamics, which Solow showed disappeared with the inclusion of flexible-coefficient production functions. It has been recognized since that this is a misreading (Besomi 1995, 1998;

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Ronald Perlwitze in economics involving expectations variables. In this chapter and the next we consider single-equation studies while macroeconomic models as a whole are examined in chapter 6. Because of the volume of published material covering expectations, we are necessarily selective in our review. Our emphas

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