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Fiscal Policy and Inflation: Pondering the Imponderables

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NBER2003-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9506
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An asset-pricing perspective on inflation reveals that it depends on current and expected monetary and fiscal policies. There are three ways to carry $1 today into the future: money, bonds, and real assets. That dollar's purchasing power varies inversely with the price level. Expected money growth,
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2003-02-01
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