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A Classical View of the Business Cycle

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NBER2019-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26056
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In the 1920s, Irving Fisher extended his previous work on the Quantity Theory to describe, through an early version of the Phillips Curve, how changes in the money stock could be associated with cyclical movements in output, employment, and inflation. At the same time, Holbrook Working designed a
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2019-07-01
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