Friedman, Milton; Schwartz, Anna J - In: American Economic Review 81 (1991) 1, pp. 39-49
This paper compares two approaches to the analysis of economic data: the exclusively econometric approach recommended by Hendry and Ericsson and the more eclectic approach that we employed in our books MONETARY HISTORY and MONETARY TRENDS. It concludes that the article by Hendry and Ericsson is...