Price Level Determinacy Without Control of a Monetary Aggregate
收藏NBER1995-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5204
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It is shown that the price level remains determinate even in the case of two kinds of radical money supply endogeneity -- an interest rate peg by the central bank, and a 'free banking' regime -- that are commonly supposed to imply loss of control of the price level. Price level determination under
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美国国家经济研究局创建时间：
1995-08-01
