ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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A Keynesian Moment? Hardly

One cannot argue that the high unemployment today in the advanced economies calls for a Keynesian solution. Unlike the 1930s, which were characterised by high unemployment and large savings, it is hard to argue, yet, that unemployment now is stuck at a permanently high plateau and that we are in a prolonged slump. More importantly, we are not here as a result of persistently high savings in the high unemployment countries.



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