"This two-volume biographical work provides a foundational introduction to Friedman's role in several major economic debates that took place over four decades in the US, from 1932 through the end of 1972. The debates considered include both those that were largely carried out in the...

This paper updates and extends Friedman's (1972) evidence on the lag between monetary policy actions and the response of inflation. Our evidence is based on UK and US data for the period 1953 2001 on money growth rates, inflation, and interest rates, as well as annual data on money growth and...