The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level
收藏NBER2002-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9084
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资源简介：
We consider price level determination from the perspective of portfolio choice. Arbitrages among money balances, bonds, and investment goods determine their relative demands. Returns to real balance holdings (transactions services), the nominal interest rate, and after-tax returns to investment
提供机构：
美国国家经济研究局
创建时间：
2002-07-01
