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The Implications of an Endogenous Money Supply for Monetary Neutrality

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NBER1983-08-01 更新2025-01-04 收录
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This paper examines the implications of an endogenous money supply for the perceived(by econometricians) and actual nonneutrality of money in rational expectations models of the class put forward by Lucas (1972, 1973) and Barro(1976, 1980) that stress incomplete information. First,if there is

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1983-08-01
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