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The Lag in the Effect of Monetary Policy on Income and Interest Rates

Quarterly Journal of Economics 1970 84(2), 288

I. Introduction, 288. — II. Monetary changes, interest rates, and national income, 288. — III. Lag in effect of monetary policy, 291. — IV. Measurement of effects of monetary policy changes, 292.

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The Lag in the Effect of Monetary Policy on Income and Interest Rates