Updated on 22 September 2016

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Restructuring Excise

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Macroeconomic Policy and Asset Markets

Special Articles

Vol. 36, Issue No. 04, 27 Jan, 2001

Updated on 22 September 2016

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Bank-based and stock market-based systems are compared from the viewpoint of macroeconomic policy. The author suggests that the former has desirable properties with reference to the objective of increasing output and employment.

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