samlet årgang - Økonomisk Institut - Københavns Universitet

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NATIONALØKONOMISK TIDSSKRIFT 2003. NR. 1
bably influential for economic activity because it was powerful and persistent and took
place in a fragile economy that was easily pushed away from its long-term equili brium.
Today the OECD economies are equally as fragile as they were during the inter war
period with large current account disequilibria and private savings rates that are lower
than experienced in modern history. Perhaps history will repeat itself?
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