Effective Demand Failures and the Limits of Monetary Stabilization Policy
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https://www.nber.org/papers/w27768
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资源简介：
The challenge for stabilization policy presented by the COVID-19 pandemic stems above all from disruption of the circular flow of payments, resulting in a failure of what Keynes (1936) calls effective demand. As a consequence, economic activity in many sectors can be inefficiently low, and interest
提供机构：
美国国家经济研究局
创建时间：
2020-09-01
