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Discussion Alan Budd
Introduction A P Thirlwall
Discussion Victoria Chick
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A. P. Thirlwall aggregate American monetarism American monetarists axiom bank lending Bank of England banking system British monetarism British monetarists broad money targets budget buffer-stock capital cash central bank changes Charles Goodhart Civil Service Committee Congdon course David Howell debate deficit demand for money Dennis Robertson economic economists effect equilibrium ergodic exchange rate expenditure Federal Reserve financial assets fiscal policy Friedman full employment future gross substitution growth HM Treasury incomes policy increase inflation interest rates investment J. M. Keynes Keynes's Keynesian liquidity preference London long-run macroeconomic ment Minford models monetary base monetary control monetary policy monetary targets monetary theory money contracts money supply narrow money neutral Nigel Lawson output paper Paul Davidson price level private sector problem production Professor Davidson Professor Goodhart PSBR quantity theory rate of interest real bills real world short run stagflation sterling M3 trade union Treasury and Civil unemployment Walrasian