The poverty of monetarism

Patrick Bolton

This paper provides a critical discussion of monetarism and the difficulties of understanding macroeconomic developments after the publication of Friedman and Schwartz’s classic 1965 article through a monetarist lens, especially for the period following the great financial crisis. This paper proposes three research directions for broadening the classical monetarist framework and provides new foundations for monetary economics.

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Year of publication:	2021
Authors:	Bolton, Patrick
Published in:	China economic quarterly international : CEQI. - Amsterdam : Elsevier, ISSN 2666-9331, ZDB-ID 3059077-2. - Vol. 1.2021, 1, p. 1-14
Subject:	Money \| Monetarism \| Monetary theory \| Geldtheorie \| Monetarismus \| Armut \| Poverty \| Geldpolitik \| Monetary policy

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1016/j.ceqi.2020.11.002 [DOI]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E58 - Central Banks and Their Policies ; f333
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013163629