Before the Accord: U.S. Monetary-Financial Policy 1945-51
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Thia paper analyzes U.S. monetary-financial policy in the period leading up to the Treasury-Fed Accord. We model policy as an implicit target zone for the price level and an explicit zone for interest rates, and the difficulties on the eve of the Accord as an incipient run on a collapsing target
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美国国家经济研究局创建时间：
1990-06-01
