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Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz

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NBER1989-05-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w2966
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This paper uses the historical record to isolate episodes in which there were large monetary disturbances not caused by output fluctuations. It then tests whether these monetary changes have important real effects. The central part of the paper is a study of postwar U.S. monetary history. We
提供机构:
美国国家经济研究局
创建时间:
1989-05-01
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