Reserve Requirement Policy over the Business Cycle
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Based on a novel quarterly dataset for 52 countries for the period 1970-2011, we analyze the use and cyclical properties of reserve requirements (RR) as a macroeconomic stabilization tool and whether RR policy substitutes or complements monetary policy. We find that (i) around two thirds of
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美国国家经济研究局创建时间：
2014-10-01
