It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …

Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise … unfortunate side effect of this has been that, because mainstream models have no analytic room for money to play a key role in …

The paper investigates the role played by Friedman’s interpretation of the Brazilian inflation in his 1967 formulation … of chronic inflation. It is argued that, as an empirical economist and in the absence of evidence from industrialized … countries, Friedman found in the Brazilian 1964-66 stabilization episode significant support for his argument about inflation …

unemployment never shrinks to the natural rate, and as long as adjustment costs are lump-sum and higher for price reduction than …

Modern mainstream macroeconomics treats the economy “as if” always in equilibrium. Two older traditions, Monetarism and …

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

analysis of money, finance and macroeconomics and its appli-cation to changing institutional and historical circumstances, like …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … of inflationary monetary financing rest upon inaccurate conceptions of the modern endogenous money creation process. This … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …