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Money, Output and Prices: Evidence from A New Monetary Aggregate

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NBER1991-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3824
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This paper develops a new utility-based monetary aggregate which we label the currency equivalent aggregate. This aggregate equals the stock of currency that would be required for households to obtain the same liquidity services that they get from their entire collection of monetary assets. We
创建时间:
1991-08-01
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