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ABSTRACT The ‘Westminster system’ is commonly used as a descriptor of Australian political institutions. This article instead traces its emergence as a political language for debating the adequacy of modern Australian government as the relationship between democracy and capitalism changed in the half century after World War II. From the late 1960s, and
Ben Huf
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ABSTRACT In the Global North and elite spaces in the Global South, the concepts of Eurocentrism and decolonization have come to be associated primarily with identity and location rather than with capitalism and political economy. This article argues that the reason for this can be traced to what Samir Amin calls ‘inverted Eurocentrism’, which entails a
Ingrid Harvold Kvangraven
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Monetarist, Keynesian and Quantity Theories
Monetarist, Keynesian and Quantity Theories Monetarism is neither the quantity theory rediscovered nor Keynesian theory rewritten. Thomas Mayer’s summary of monetarist propositions* captures much of the spirit as well as the substance of monetarist ...
Meltzer, Allan, Meltzer, Allan H.
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Financing COVID-19 Deficits in Fiscally Dominant Economies: Is The Monetarist Arithmetic Unpleasant?
The coronavirus pandemic of 2019-20 confronted fiscally dominant regimes around the world with the question of whether the large deficits caused by the health crisis should be monetized or financed by issuing debt. The unpleasant monetarist arithmetic of
Martin Uribe
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Abstract In recent years, the European Union (EU) expanded its digital regulatory competences. However, it is not clear which political trade‐offs occur in decision‐making on digital policy issues. This study examines how European parliamentarians and their party groups position themselves on these issues and which conflict lines emerge. Analysing roll
Adam Geoffrey Tyler, Ben Crum
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The U.K. 1978-82 “monetarist experiment”: why economists still disagree
The reasons why economists disagree are complex. This paper is a case study in the limitations of empirical research as a means of resolving these differences.
N.M. HEALEY
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ABSTRACT The post‐pandemic inflationary spike brought inflation back to the forefront of academic research. In the debate about the origin and nature of the 2020s inflation, economists have been divided into the following two main camps: the demand‐pull camp, which attributed inflation to excess demand and linked it to fiscal and monetary stimulus put ...
Vicente Ferreira
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Are monetary policies and performances converging?
This paper was presented at the Fourth International Seminar on European Economic and Monetary Union, held in Copenhagen in March of 1981. The work provides a tentative assessment of the EMS in terms of the main internal and external motives which ...
N. THYGESEN
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South Africa's Inflation: Monetary or Fiscal
ABSTRACT Conventional macroeconomics has viewed inflation as a monetary phenomenon through the quantity theory of money. Ever‐increasing sovereign debt globally has caused concern amongst economists. These concerns follow not from the ability of governments to repay their debt, but rather the impact of sizeable debt portfolios on price levels.
Guangling Liu, Christopher D. Solomon
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IS THERE A “LOW INTEREST RATE TRAP”?
This article stylizes the monetary policy features applied during the chairmanship of Mr. Alan Greenspan and condenses statistical discussion into the “low interest rate trap” in the U.S. economy. Data from the U.S.
Kui-Wai Li
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