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Monetary Policy During a Transition to Rational Expectations
Monetary Policy Rational Expectations
2015/8/5
In standard macroeconomic models incorporating the natural rate
hypothesis and rational expectations, monetary policy has no effect on
real variables. But the rational expectations assumption that e...
Present state analysis of cluster initiatives in Serbian transition economy
business clusters business environment innovation knowledge economy location micro and macro levels Serbia
2014/2/24
The main goal of the paper is to determine the role of clusters in the economic development strategy of underdeveloped regions in the Republic of Serbia, especially their importance for small and medi...