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    <SEQUENTIAL>
      <record key="001" att1="001" value="166695" att2="166695">001   166695</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-206.pdf</field>
      <field key="079" subkey="z">Karanassou, Marika - et al., On the Interplay between Keynesian and Supply Side Economics (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/206.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 206 (RePEc)</field>
      <field key="100" subkey="">Karanassou, Marika</field>
      <field key="103" subkey="">Department of Economics, Queen Mary and Westfield College, London, United Kingdom</field>
      <field key="104" subkey="a">Snower, Dennis J.</field>
      <field key="107" subkey="">The Kiel Institute for the World Economy, Kiel, Germany</field>
      <field key="331" subkey="">On the Interplay between Keynesian and Supply Side Economics</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2007, April</field>
      <field key="433" subkey="">29 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 206</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; A Simple Model of Nominal Persistence; Extensions; Concluding Thoughts; References;</field>
      <field key="Fig" subkey="u">res; Appendices;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 206</field>
      <field key="700" subkey="">J21</field>
      <field key="700" subkey="">J23</field>
      <field key="700" subkey="">J31</field>
      <field key="700" subkey="">J64</field>
      <field key="700" subkey="">J68</field>
      <field key="720" subkey="">Unemployment</field>
      <field key="720" subkey="">Employment</field>
      <field key="720" subkey="">Wage setting</field>
      <field key="720" subkey="">Labour force participation</field>
      <field key="720" subkey="">Labour market dynamics</field>
      <field key="720" subkey="">Unemployment persistence</field>
      <field key="720" subkey="">Imperfect unemployment responsiveness</field>
      <field key="753" subkey="">Abstract: Conventional wisdom suggests that nominal, demand-side shocks have only temporary effects on real macroeconomic</field>
      <field key="mag" subkey="n">itudes and that the duration of their effects depends on the degree of nominal inertia. It is also argued that, in the</field>
      <field key="abs" subkey="e">nce of unit roots, temporary supply-side shocks also have only temporary real affects and that the duration of these effects</field>
      <field key="dep" subkey="e">nds on the various sources of real inertia. Our analysis indicates that there is a potentially important interplay between</field>
      <field key="rea" subkey="l">and nominal inertia in generating the persistent effects of real and nominal shocks. In this sense, then, Keynesian and</field>
      <field key="sup" subkey="p">ly-side economics are mutually interdependent. Our analysis has identified circumstances when real and nominal inertia are</field>
      <field key="com" subkey="p">lementary in generating real and nominal persistence. Here, we argue, lies a potentially crucial, but as yet largely</field>
      <field key="une" subkey="x">plored, set of determinants of the effectiveness of Keynesian and supply-side economic policies.;</field>
    </SEQUENTIAL>
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