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- W2014194900 abstract "This paper derives testable implications of a model due to Siegel (1985) in which interest rates react to announced innovations in the money supply solely because money announcements reveal information about real economic activity. Tests of these implications yield results inconsistent with the model. In addition, the results contradict the finding of Huizinga and Leiderman (1987) that interest rates tended to rise in response to unexpected increases in the monetary base from October 1979 to February 1984." @default.
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- W2014194900 date "1991-12-01" @default.
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- W2014194900 title "Money supply announcements and real economic activity" @default.
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- W2014194900 doi "https://doi.org/10.1016/0304-3932(91)90032-j" @default.
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