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Indexing and Inflation

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NBER1981-05-01 更新2025-01-04 收录
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Much of the opposition to indexation as a means of adapting to on going inflation arises from the view that indexation is itself inflationary. This paper examines the basis for that view in a simple macroeconomic model in which budget deficits are in part financed through the printing of money. It

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1981-05-01
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