Should we Get rid of the Natural Rate Hypothesis?
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https://www.nber.org/papers/w24057
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资源简介:
50 years ago, Milton Friedman articulated the natural rate hypothesis. It was composed of two sub-hypotheses: First, the natural rate of unemployment is independent of monetary policy. Second, there is no long-run trade-off between the deviation of unemployment from the natural rate and inflation.
提供机构:
美国国家经济研究局
创建时间:
2017-11-01



