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The Founding of the Fed and the Destabilization of the Post-1914 Economy

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NBER1988-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2701
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A standard assumption in the literature on optimal monetary policy is that the proper goal of policy is the reduction of the variation in output around its natural rate level. The stabilization of output has not always been accepted as the primary goal of policy, however. This paper argues that
提供机构:
美国国家经济研究局
创建时间:
1988-09-01
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