Expectations and the Neutrality of Interest Rates
收藏NBER2022-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30468
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资源简介：
Our central banks set interest rates, and do not even pretend to control money supplies. How do interest rates affect inflation? We finally have a complete theory of inflation under interest rate targets and unconstrained liquidity. Its long-run properties mirror those of monetary theory: Inflation
提供机构：
美国国家经济研究局
创建时间：
2022-09-01
