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Inflation, Real Interest, and the Determinacy of Equilibrium in an Optimizing Framework

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NBER1981-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0723
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This paper examines the short-run relation between anticipated inflation and the real rate of interest in a model where agents with perfect foresight maximize utility over infinite lifetimes. In addition to deriving behavioral functions from explicit intertemporal optimization, the approach taken
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1981-07-01
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