G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w4481
来源IDWorking Paper 4481
Could Stable Money Have Averted The Great Contraction?
Michael D. Bordo; Ehsan U. Choudhri; Anna J. Schwartz
发表日期1993-10-01
出版年1993
语种英语
摘要We test the hypothesis that the Great Contraction would have been attenuated had the Fed not allowed the money stock to decline. We do so by simulating a model that estimates separate relations for output and the price level and assumes that output and price dynamics are not especially sensitive to policy changes. The simulations include a strong and a weak form of Friedman's constant money growth rule. The results support the hypothesis that the Great Contraction would have been mitigated and shortened had the Fed followed a constant money growth rule.
主题Macroeconomics ; Monetary Policy
URLhttps://www.nber.org/papers/w4481
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/561858
推荐引用方式
GB/T 7714
Michael D. Bordo,Ehsan U. Choudhri,Anna J. Schwartz. Could Stable Money Have Averted The Great Contraction?. 1993.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w4481.pdf(1804KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Michael D. Bordo]的文章
[Ehsan U. Choudhri]的文章
[Anna J. Schwartz]的文章
百度学术
百度学术中相似的文章
[Michael D. Bordo]的文章
[Ehsan U. Choudhri]的文章
[Anna J. Schwartz]的文章
必应学术
必应学术中相似的文章
[Michael D. Bordo]的文章
[Ehsan U. Choudhri]的文章
[Anna J. Schwartz]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w4481.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。