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reasonable assumptions when agreements secured in compensation for laborers. Other new Keynesian financial experts, including Olivier Blanchard, Julio Rotemberg, Greg Mankiw, David Romer, and Michael

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reasonable assumptions when agreements secured in compensation for laborers. Other new Keynesian financial experts, including Olivier Blanchard, Julio Rotemberg, Greg Mankiw, David Romer, and Michael Woodford, developed this work and exhibited different situations where rigid costs and wages prompted money related and monetary approach making genuine impacts

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