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Institutions for Monetary Stability

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NBER1996-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5557
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资源简介:
This paper demonstrates that failures in monetary policy arise not just from dynamic inconsistency, but more importantly, from imperfect understanding of the economy and the effects of policy. Using recent and historic episodes from the United States and abroad, we show that limited knowledge on the
创建时间:
1996-05-01
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