Monetarism, economic crisis, and the Third World / Karel Jansen -- The origins and evolution of monetarism / Robert Mundell -- What is wrong with monetarism? / Francis Cripps -- Monetarism : is the debate closed? / Arnold Heertje -- World crisis and the monetarist answer / Ernest Mandel --...

Specific ideas about the Fisher relation between real and nominal interest rates and more general ideas about the nature of the central bank's duty to support the financial system in times of crisis were important to the Monetarist re-assessment of the causes of the Great Depression and what...

The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining business cycle fluctuations by using an estimated New...