Liquidity Effects, Monetary Policy, and the Business Cycle
收藏NBER1992-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4129
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资源简介：
This paper presents new empirical evidence to support the hypothesis that positive money supply shocks drive short-term interest rates down. We then present a quantitative, general equilibrium model which is consistent with the hypothesis. The two key features of our model are that (i) money shocks
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美国国家经济研究局创建时间：
1992-08-01
