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A Linearized Version of Lucas's Neutrality Model

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NBER1983-06-01 更新2025-01-04 收录
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The model developed in Robert Lucas's influential "Expectations and the Neutrality of Money" has not been widely used for extensions or modifications of the original analysis, in part because of its difficulty of manipulation.The present paper describes a linearized version that--unlike other models

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1983-06-01
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