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Posted on November 7th, 2011
The Scandinavian economies have performed strongly over the past 15 years, leading many to believe that the Nordic Model defies economic theory – which suggests that bigger government means lower growth and/or a lower level of income. This report shows that one of the primary reasons for the recent strong performance of [...] Posted on March 7th, 2011
This essay provides a conceptual framework aiming at understanding the relationship between the monetary institutions and real economic outcomes. The author argues that a competitive monetary system would deliver better results, both in terms of price stability, and in terms of distortions to the real economy, than a system of discretionary central banking. [...] 1 pages
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