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  • CAUSALITY AND OBJECTIVITY IN MACROECONOMICS
    ebook
    CAUSALITY AND OBJECTIVITY IN MACROECONOMICS
    TOBIAS HENSCHEN
    Central banks and other policymaking institutions use causal hypotheses to justify macroeconomic policy decisions to the public and public institutions. These hypotheses say that changes in one macroeconomic aggregate (e.g. aggregate demand) cause changes in other macroeconomic aggregates (e.g. in inflation). An important (perhaps the most important) goal of macroeconomists is ...

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