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Does Anticipated Aggregate Demand Policy Matter? Further Econometric results.

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NBER1981-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0789
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A heated debate has arisen over what Modigliani has dubbed the Macro Rational Expections (MRE) hypothesis. This hypothesis embodies two component hypotheses: 1) rational expectations and 2) short-run neutrality -- i.e., that anticipated changes in aggregate demand will have already been taken into
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1981-10-01
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