Monetary Accommodation of Supply Shocks under Rational Expectations
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https://www.nber.org/papers/w0464
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In dealing with the expectationists' arguments, I will divide them (somewhat artificially) into two groups. Arguments in the first group, which I call "present disaster" arguments, allege that econometric models err by understating the reaction of inflationary expectations. For example, it is
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美国国家经济研究局创建时间：
1980-03-01
