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Real Interest Rates and the Savings and Loan Crisis: The Moral Hazard Premium

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NBER1991-06-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w3754
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Real interest rates rose to historically high levels in 1980 and remained high throughout the decade. Macroeconomists attribute this phenomenon to a combination of tight monetary policy, fiscal deficits, and variable inflation rates. This paper presents preliminary evidence for an additional
提供机构:
美国国家经济研究局
创建时间:
1991-06-01
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