Macroeconomic theory and monetary policy: the contributions of Franco Modigliani and the ongoing debate

Macroeconomic theory and monetary policy: the contributions of Franco Modigliani and the ongoing debate

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The paper reviews some of the most important results of the LCH for understanding individual and aggregate saving behaviour. It then turns to the implications for fiscal policy and social security, highlighting Modigliani's seminal contributions. Over time competing theories have emerged, and...

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Bibliographic Details
Main Author:	Lucas Papademos
Format:	Article
Language:	English
Published:	Associazione Economia civile 2012-04-01
Series:	PSL Quarterly Review
Subjects:	Macroeconomics Monetary Policy Monetary Policy
Online Access:	https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9854

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