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 …

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 …

economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …

economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the first unemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips … careful reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation …

economists to engage with Phillips’ famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …

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 …

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 …

. 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 …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and …, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …We develop a dynamic general equilibrium model to analyze the relationship between monetary policy, money demand, and …