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Monetary Policy and Long-Term Interest Rates: An Efficient Markets Approach

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NBER1980-07-01 更新2025-01-04 收录
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This paper is an application of efficient markets theory to analyze empirically the relationship of money supply growth and long-term interest rates. This approach has the advantage over earlier research on this subject in that it imposes a theoretical structure on this relationship that allows

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1980-07-01
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