Reconciling Hayek's and Keynes' views of recessions

Paul Beaudry, Dana Galizia, Franck Portier 01 June 2014

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There remains considerable debate regarding the causes and consequences of recessions. Two views that are often presented as opposing, and which created controversy in the recent recession and its aftermath, are:

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Topics:  Macroeconomic policy

Tags:  recession, Keynesianism, Hayekian recession

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