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Focusing on the intersection of New Growth Theory and market imperfections, this book presents innovative macroeconomic policy perspectives. It rigorously explores how fiscal, monetary, and trade policies can be optimized in the context of monopolistic competition, highlighting the positive growth effects of fiscal interventions and the importance of protecting infant industries. The formal framework provided offers a fresh lens through which to analyze economic policy in the face of market failures.
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Endogenous Growth, Market Failures and Economic Policy, Martin Zagler
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- 1998
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