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Should the Formerly Socialist Economies Look East
Israels Stabilization Programme of 1985
Business History from the Microeconomic
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activities aggregate Aghion American analysis assets assume Bank of Israel behaviour business cycle C-type Cambridge capital market cartel cent changes competition constraints corporate costs countries credit rationing currency demand econ Economic Review economists effect efficiency wage employees employment endogenous growth theory equilibrium equity premium puzzle example exchange rate exogenous expected returns firms growth models growth rate imperfect competition important incentives income increasing returns indexed industrial inflationary process innovations institutions International investment Israeli Japan Japanese Journal keiretsu labour markets loans macroeconomic Maital managers marginal product maximize ment migration monetary neo-classical nominal omic optimal output Patinkin payoff period possible problem production set profits rate of inflation rate of interest real business cycle real interest rates result risk aversion role Romer saving seigniorage shekel stabilization programme Stiglitz stock returns tion trade United University utility function variables