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The Source of Fluctuations in Money: Evidence From Trade Credit

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NBER1991-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3756
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This paper tests the importance of technology shocks versus financial shocks for explaining, fluctuations in money. The model presented extends the theory of King and Plosser by recognizing that both money and trade credit provide transactions services. The model shows that the comovements between
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1991-06-01
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