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The Rise and Fall of Money Growth Targets as Guidelines for U.S. Monetary Policy

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NBER1996-02-01 更新2025-01-04 收录
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A familiar question raised by the Federal Reserve System's evolving use of money growth targets over the past twenty years is whether monetary policymakers had sound economic reasons for changing their procedures as they did -- either in adopting money growth targets in the first place, or in

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1996-02-01
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