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Process Consistency and Monetary Reform: Further Evidence and Implications

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NBER1981-02-01 更新2025-01-04 收录
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In this paper we provide additional evidence that process consistency may have materialized as a restrictive constraint on the money generation process. In addition to recomputing the time series of process consistency probabilities using new data from the German case, we also supply our empirical

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1981-02-01
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