"Cherished myths fall victim to economic reality"
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2008-07-23 — nakedcapitalism.com
"De Grauwe focuses on sacred cows that have been gored in the credit crunch. He has written before, in more technical terms, on central bank reliance on models that deviate in key ways from observable reality. Nevertheless, despite his view that these constructs are taking a mortal blow, he also acknowledges that they still play a central role due to lack of obvious replacements."
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