Jeffrey A. Frankel
Abstract
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For young readers, I will recall that these distinctions were originally due to Arthur Okun (1975), who called the two sectors auction goods versus customer goods.
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For young readers, I will recall that these distinctions were originally due to Arthur Okun (1975), who called the two sectors auction goods versus customer goods.
Key concepts: Monetary policy, Economics, Monetary economics, Commodity, Market economy