THE FINANCIAL AND TAX EFFECTS OF MONETARY POLICY ON INTEREST RATES

作者: MICHAEL R. DARBY

DOI: 10.1111/J.1465-7295.1975.TB00993.X

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摘要: … supply growth and that the nominal interest rate must fall over time to restore equality of money supply and demand.4 This immediate impact of monetary policy on the interest rate is …

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