Price Inertia and Policy Ineffectiveness in the United States, 1890-1980
收藏NBER1981-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0744
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资源简介：
This paper introduces a new approach to the empirical testing of the Lucas- Sargent-Wallace (LSW) "policy ineffectiveness proposition." Instead of testing that hypothesis in isolation from any plausible alternative, the paper develops a single empirical equation explaining price change that includes
提供机构：
美国国家经济研究局
创建时间：
1981-09-01
