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Issues Concerning Nominal Anchors for Monetary Policy

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NBER1994-09-01 更新2025-01-04 收录
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This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal that the price level behaved very differently following WWII in these countries than it

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1994-09-01
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