Why We Don't Know Whether Money Causes Output
审视了货币与实际产出之间普遍认为的正相关关系,回顾了几种商业周期模型,并解释了货币如何在中性的情况下仍看似影响实际产出。
An examination of the commonly accepted positive correlation between money and real output, including a review of several models of business cycles and an explanation of how money can be neutral and yet still appear to affect real output.