An Historical Analysis of Monetary Policy Rules
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This paper examines several episodes in U.S. monetary history using the framework of an interest rate rule for monetary policy. The main finding is that a monetary policy rule in which the interest rate responds to inflation and real output more aggressively than it did in the 1960s and 1970s, or
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美国国家经济研究局创建时间：
1998-10-01
