Monetary vs. Fiscal Policy Effects: A Review of the Debate
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This paper reviews empirical findings, econometric issues,and theoretical results bearing upon the "monetary vs. fiscal policy" debate that began with the 1963 Friedrnan-Meiselman study.The main substantive conclusions are not very dramatic.The clearest is that an open-market increase in the money
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美国国家经济研究局创建时间：
1985-02-01
