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By John Greenwood

The Limits of Conventional Policy

The last fifteen years ushered in an era where Central Banks (CBs) employed historically unconventional tools. Following the 2008-09 Global Financial Crisis, Quantitative Easing (QE) became the primary instrument in an environment where traditional interest rate policy proved inadequate.

By Hiroaki Kayakawa

Legacies of Rational Expectations Lucas’s Contributions...

This book investigates the legacy of the rational expectations revolution that swept through economics in the 1960s and 1970s, relating it to an equally revolutionary movement in philosophy that preceded it: the phenomenology of inner time consciousness (Husserl) and human existence (Heidegger).

 

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