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Money and Output: Friedman and Schwartz Revisited

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NBER2015-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21796
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More than fifty years ago, Friedman and Schwartz examined historical data for the United States and found evidence of pro-cyclical movements in the money stock, which led corresponding movements in output. We find similar correlations in more recent data; these appear most clearly when Divisia
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2015-12-01
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