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Legal restrictions and sunspots: A further inquiry on the real-bills doctrine versus the quantity theory debate

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  • Chuang, Shi-Feng
  • Huo, Teh-Ming

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  • Chuang, Shi-Feng & Huo, Teh-Ming, 2004. "Legal restrictions and sunspots: A further inquiry on the real-bills doctrine versus the quantity theory debate," Journal of Macroeconomics, Elsevier, vol. 26(3), pages 431-442, September.
    • Handle: RePEc:eee:jmacro:v:26:y:2004:i:3:p:431-442
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    References listed on IDEAS

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    1. Cass, David & Shell, Karl, 1983. "Do Sunspots Matter?," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 193-227, April.
    2. Obstfeld, Maurice & Rogoff, Kenneth, 1986. "Ruling out divergent speculative bubbles," Journal of Monetary Economics, Elsevier, vol. 17(3), pages 349-362, May.
    3. Philippe Weil, 1987. "Confidence and the Real Value of Money in an Overlapping Generations Economy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(1), pages 1-22.
    4. Michael Sproul, 1998. "Backed Money, Fiat Money, and the Real Bills Doctrine," UCLA Economics Working Papers 774B, UCLA Department of Economics.
    5. Olivier J. Blanchard & Mark W. Watson, 1982. "Bubbles, Rational Expectations and Financial Markets," NBER Working Papers 0945, National Bureau of Economic Research, Inc.
    6. Smith, Bruce D, 1988. "Legal Restrictions, "Sunspots," and Peel's Bank Act: The Real Bills Doctrine versus the Quantity Theory Reconsidered," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 3-19, February.
    7. Blanchard, Olivier Jean, 1979. "Speculative bubbles, crashes and rational expectations," Economics Letters, Elsevier, vol. 3(4), pages 387-389.
    8. Michael Sproul, 1994. "The real Bills Doctrine," UCLA Economics Working Papers 712, UCLA Department of Economics.
    9. Cesarano, Filippo, 1994. "Legal Restriction Theory and the Rate-of-Return Dominance of Money," The Manchester School of Economic & Social Studies, University of Manchester, vol. 62(2), pages 199-208, June.
    10. Sargent, Thomas J & Wallace, Neil, 1982. "The Real-Bills Doctrine versus the Quantity Theory: A Reconsideration," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1212-1236, December.
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