Monetarism and Monetary Policy.
Starting in the 1960s, Milton Friedman defined the monetarist‐Keynesian debate. His greatest victory occurred by the end of the 1970s when he argued that the Federal Reserve System, not corporations and unions with market power, was responsible for inflation. However, monetarism retreated in the ear...
| Publicado en: | Southern Economic Journal Vol. 91; no. 4; pp. 1347 - 1372 |
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| Formato: | Artículo |
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Wiley-Blackwell
Apr2025
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=184518950&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 184518950 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Apr2025 vid: 91 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 184518950 10.1002/soej.12751 ppf: 1347 ppct: 25 formats: fmt: – @attributes: type: T – @attributes: type: P size: 2.5MB tig: atl: Monetarism and Monetary Policy. aug: au: Hetzel, Robert L. affil: Senior Affiliated Scholar Mercatus Center, George Mason University, Arlington Virginia, , USA su: Board of Governors of the Federal Reserve System (U.S.) Friedman, Milton, 1912-2006 Money supply Price inflation Monetary policy Theorists Inflation targeting Federal Reserve banks sug: subj: Money supply Price inflation Board of Governors of the Federal Reserve System (U.S.) Monetary Authorities-Central Bank Public Finance Activities Monetary policy Theorists Inflation targeting Federal Reserve banks Friedman, Milton, 1912-2006 keyword: federal open market committee federal reserve system inflation Jerome powell monetarism monetary policy money federal open market committee federal reserve system inflation Jerome powell monetarism monetary policy money ab: Starting in the 1960s, Milton Friedman defined the monetarist‐Keynesian debate. His greatest victory occurred by the end of the 1970s when he argued that the Federal Reserve System, not corporations and unions with market power, was responsible for inflation. However, monetarism retreated in the early 1980s when high rates of growth of money failed to predict inflation. This paper re‐exposits the quantity theory of money and monetarism in an attempt to again make relevant Friedman's arguments for a rules‐based monetary policy and for an understanding of how in actual practice central banks control inflation assuming inflation is a monetary phenomenon. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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