Money Matters: Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession
收藏NBER2023-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31304
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资源简介:
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. We find that the demand for more theoretically-based divisia
2021年与2022年的通胀飙升令诸多宏观经济学家倍感意外,这些学者此前忽略了早前的货币增长热潮——由于过去简单加总货币总量(simple-sum monetary aggregates)的需求存在不稳定性,使得这类总量指标不再具备可靠的经济指示作用。本研究发现,针对更具理论严谨性的迪维萨(Divisia)
提供机构:
美国国家经济研究局
创建时间:
2023-06-01



