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The Use of Monetary Aggregate to Target Nominal GDP

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NBER1993-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4304
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资源简介:
This paper studies the possibility of using the broad monetary aggregate M2 to target the quarterly rate of growth of nominal GDP. Our findings indicate that the Federal Reserve could probably guide M2 in a way that reduces not only the long-term average rate of inflation but also the variance of
创建时间:
1993-03-01
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