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Post book chapter 17
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content/18.md

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title: "A Theory of Slack: How Economic Slack Shapes Markets, Business Cycles, and Policies"
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date: 2026-04-25
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date: 2026-04-29
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url: /18/
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+ [Chapter 14. Slackish business cycle model](/1814.pdf)
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+ Chapter 15. Product market slack and labor market slack
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+ Chapter 16. Phillips curve
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+ Chapter 16. Directed search and Phillips curve
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## Part V. Policies to stabilize slackish cycles
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+ Chapter 17. Monetary policy
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+ [Chapter 17. Monetary policy](/1817.pdf)
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+ Chapter 18. Fiscal policy
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+ [Chapter 19. Recession detection](/1819.pdf)
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static/1817.pdf

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