Anticipated Money, Unanticipated Money, and Output: 1873-1930
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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Volume (Year): 28 (1990)
Issue (Month): 4 (October)
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