Was the Federal Reserve Fettered? Devaluation Expectations in the 1932 Monetary Expansion
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A key question about the Great Depression is whether expansionary monetary policy in the United States would have led to a loss of confidence in the U. S. commitment to the gold standard. This paper uses the $1 billion expansionary open market operation undertaken in the spring of 1932 as a crucial
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美国国家经济研究局创建时间：
2001-02-01
