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The Conduct of Domestic Monetary Policy

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NBER1983-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1221
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This paper develops the view that monetary policy operates within a set of basic constraints that limit the set of outcomes that it can achieve.These include constraints on aggregate supply behavior that determine how a given path of nominal income growth will be divided between inflation and output
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1983-10-01
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