Unanticipated money does, and anticipated money does not, influence output for the period between the Civil War and the depression. These conclusions, reached using a two-step econometric procedure, appear robust for a wide variety of measures of output and for two alternate definitions of money. Copyright 1990 by Oxford University Press.
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Article provided by Oxford University Press in its journal Economic Inquiry.
Volume (Year): 28 (1990) Issue (Month): 4 (October) Pages: 774-87 Download reference. The following formats are available: HTML
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Handle: RePEc:oup:ecinqu:v:28:y:1990:i:4:p:774-87
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