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The "Treasury View": An (un-)expected return?

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  • Pascal Bridel

Abstract

By examining the rhetorical use of an old piece of economic theory by some contemporary economists, this paper intends to report on "how today's economists conduct a public policy debate". This paper is neither a scholarly history of the interwar debate nor a sophisticated critique of current economic policy. It is an attempt to link the policy and theoretical arguments of two similar debates separated by nearly 80 years. The second part of the paper demonstrates that the (un-)expected return of the Treasury View is a case study illustrating two very different modelling strategies.

Suggested Citation

  • Pascal Bridel, 2014. "The "Treasury View": An (un-)expected return?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(5), pages 920-942, October.
  • Handle: RePEc:taf:eujhet:v:21:y:2014:i:5:p:920-942 DOI: 10.1080/09672567.2013.873945
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    References listed on IDEAS

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    1. Cristiano Antonelli & Francesco Quatraro, 2014. "The effects of biased technological changes on total factor productivity: a rejoinder and new empirical evidence," The Journal of Technology Transfer, Springer, vol. 39(2), pages 281-299, April.
    2. Mauro Boianovsky, 2003. "The IS-LM Model and the Liquidity Trap Concept: from Hicks to Krugman," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] a13, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
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    Cited by:

    1. Hiermeyer, Martin, 2017. "A More Detailed IS-LM Story," MPRA Paper 81004, University Library of Munich, Germany.

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