Money, Sticky Wages, and the Great Depression
收藏NBER1997-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6071
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This paper examines the ability of a simple stylized general equilibrium model that incorporates nominal wage rigidity to explain the magnitude and persistence of the Great Depression in the United States. The impulses to our analysis are money supply shocks. The Taylor contracts model is
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美国国家经济研究局创建时间：
1997-06-01
