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Towards An Understanding of the Real Effects and Costs of Inflation

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NBER1978-11-01 更新2025-01-04 收录
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The organization of the paper is simple. We start by examining the real effects of anticipated inflation in an economy that has fully adapted to inflation. In particular, in this economy: (i) public institutions are fully attuned to inflation (or inflation proof), (ii) the same is true of private

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1978-11-01
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