Zenodo (CERN)
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CC BY 4.0
General Theory of Structural Constraints: Investment Trap, Demand-Constrained Growth, and Regime Shifts in Monetary Policy Transmission
This paper presents a diagnostic theory that interprets a phenomenon observed in advanced economies—monetary easing and standard macroeconomic policies no longer generating sustained growth, even as they are accompanied by improvements in employment—not as a "failure of policy management&quo
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