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The Applied fiscal-monetary theory: Character of constraint and essentials to the advancement of developing economies

Tweneboah Senzu, Emmanuel (2020): The Applied fiscal-monetary theory: Character of constraint and essentials to the advancement of developing economies. Forthcoming in: : pp. 1-28.

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Abstract

The paper makes a proposition that the chaotic functioning order of the operating factors of the economy as a system only results in a constraint. And further, argue that a persistent aggregate chaotic functioning becomes a complex constraint, creating more distortion in the performance of the economy. Which the study further establishes the major causal factors that make the mainstream theoretical approach to economic growth and development within fiscal-monetary policy and its management space, fails to be effective in application towards developing and under developing economies, and recommends resolution as a method in a form of a policy framework, having within its core a job creation system to initiate full employment towards development as a focal interest of the paper.

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