The Demand For Money in the U.S. During the Great Depression: Estimates and Comparison with the Post War Experience
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This study investigates the equilibrium demand for narrowly defined monetary aggregate during the Great Depression. We find evidence in support of a stable demand for real balance, but no evidence in support of stable demand functions for real currency and real monetary base. This is consistent with
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美国国家经济研究局创建时间：
1989-12-01
