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Understanding Inflation: Implications for Monetary Policy

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NBER2000-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7482
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This paper discusses how optimal monetary policy is affected by differences in the combination of shocks an economy experiences and the rigidities it exhibits. Without both nominal rigidities and economic shocks, monetary policy would be irrelevant. Recognizing this, policymakers increasingly
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2000-01-01
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