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Two Keynes and the Effectiveness of Monetary Policy
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adjustment aggregate demand analysis analytical argument assets assume assumption basic behavior capital changes Classical Clower commodities comparative static concept consequences consumption coordination course discussion disequilibrium Econ economic theory economists equation equilibrium excess demand excess supply expectations Friedman full employment function Hicks household individual inflation interest rate intertemporal IS-LM issue Keynes Keynes's Keynesian economics labor Leijonhufvud Liquidity Preference Liquidity Trap loanable funds macro macroeconomics market rate mechanism ment Milton Friedman modls Monetarism Monetarist monetary policy monetary theory money demand money stock money wages natural rate neo-Walrasian neoclassical nomic nominal income notion output Patinkin Phillips Curve Pigou-effect pre-Keynesian problem produce proposition Quantity Theory question rate of interest research programmes saving and investment saving-investment Say's Say's Law sector sense short-run social speculators stabilisation policy stability static theoretical tion transactors Treatise unemployment Walras Walrasian Wicksell Wicksell's Wicksellian zero