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Prices during the Great Depression: Was the Deflation of 1930-32 really unanticipated?

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NBER1989-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3174
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Several explanations for the depth of the Great Depression presume that the -30% deflation of 1930-32 was unanticipated. For example, the debt-deflation hypothesis originally put forth by Irving Fisher is based on the notion that unanticipated deflation increases the burden of nominal debt,
提供机构:
美国国家经济研究局
创建时间:
1989-11-01
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