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To my knowledge, current as of 2007, the relation between macroeconomic models and policies and their determinative affect on microeconomic activity has never been proven.  All papers demonstrating such are ex post facto.

If there IS a paper I'd be eager to read it.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Dec 3rd, 2010 at 03:05:09 PM EST
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