Reflation and Austerity: Economic Policy Under Mitterrand

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In this volume, revised and updated for this English-language edition, the authors provide a well-documented analysis of the economic policy of the Mauroy and Favius governments during the period 1981-1986. From a Keynsian standpoint, they analyse French economic policy using quantitative data from their own econometric models as well as from other sources. They place their study firmly within the framework of recessions brought on by the two oil crises of the 1970s and of constraints imposed by the international ...

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