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New Keynesian financial specialists answered the new old style school by embracing objective assumptions and zeroing in on creating miniature established models that are safe

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New Keynesian financial specialists answered the new old style school by embracing objective assumptions and zeroing in on creating miniature established models that are safe to the Lucas scrutinize. Stanley Fischer and John B. Taylor delivered early work around here by demonstrating the way that financial approach could be successful even in models with objective assumptions when

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