The Imbalances of the Bretton Woods System 1965 to 1973: U.S. Inflation, The Elephant in the Room
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https://www.nber.org/papers/w25409
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This paper argues that the key deep underlying fundamental for the growing international imbalances leading to the collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by expansionary fiscal and monetary policiesthe elephant in the
提供机构：
美国国家经济研究局
创建时间：
2018-12-01
