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Doing Without Money: Controlling Inflation in a Post-Monetary World

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NBER1997-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6188
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This paper shows that it is possible to analyze equilibrium inflation determination without any reference to either money supply or demand, as long as one specifies policy in terms of a Wicksellian' interest-rate feedback rule. This approach should be of considerable interest, as central banks now
创建时间:
1997-09-01
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