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This paper introduces two post-Keynesian hysteresis mechanisms into a standard textbook three-equation model. The mechanisms work through wage bargaining and price setting. Workers are assumed to ...

Journal of Coastal Research, SPECIAL ISSUE NO. 112. Sustainable Development in Coastal Regions: A Perspective of Environment, Economy, and Technology (FALL 2020), pp. 211-215 (5 pages) Regional ...

Renowned economist Paul Krugman has voiced concerns about China’s economic approach, stating that the country’s leaders are “bizarrely unwilling” to shift focus from production to consumer demand.