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The Role of Expectations in the Choice of Monetary Policy

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NBER1982-12-01 更新2025-01-04 收录
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This paper reviews and contrasts different views about the role of expectations in policy research and practice. Recently, two widely different views seem to have dominated the analysis of policy questions.One view, which is referred to as the "new classical macroeconomic"view, is that expectations

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1982-12-01
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