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A Rehabilitation of Monetary Policy in the 1950s

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NBER2002-02-01 更新2025-01-04 收录
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Monetary policy in the United States in the 1950s was remarkably modern. Analysis of Federal Reserve records shows that policymakers had an overarching aversion to inflation and were willing to accept significant costs to prevent it from rising to even moderate levels. This aversion to inflation was

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2002-02-01
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