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Congdon, Tim - 2007

Keynes, the Keynesians and Monetarism is a major contribution to the continuing debate on macroeconomic policy … since his 1992 collection, Reflections on Monetarism. It challenges several "conventional wisdoms" about UK macroeconomic …-making acknowledges the primacy of monetary policy and would be better termed "output gap monetarism". In short, Keynes, the Keynesians …

Persistent link: https://www.econbiz.de/10012794330

Reassessing the thesis of the monetary history

Laidler, David E. W. - 2013

The economic crisis that began in 2007 and still lingers has invited comparison with the Great Depression of the 1930s. It has also generated renewed interest in Milton Friedman and Anna Schwartz's explanation of the latter as mainly the consequence of the Fed's failure as a lender of last...

Persistent link: https://www.econbiz.de/10010191681

Keynes, the Keynesians and monetarism

Congdon, Tim - 2007

anything left of the 'Keynesian revolution'? -- Part III: Defining British monetarism -- 6. The political economy of monetarism … -- 7. British and American monetarism compared -- Part IV: the debate on the 1981 budget -- 8. Do budget deficits 'crowd … professor Stephen Nickell and Tim Congdon -- Part V: Did monetarism succeed? -- 11. Assessing the conservatives' record -- 12 …

Persistent link: https://www.econbiz.de/10012251511

How Friedman and Schwartz became monetarists

Lothian, James R.; Tavlas, George S. - 2016

During the late-1940s and the early-1950s Milton Friedman favored a rule under which fiscal policy would be used to generate changes in the money supply with the aim of stabilizing output at full employment. He believed that the economy is inherently unstable because of endogenous movements in...

Persistent link: https://www.econbiz.de/10011606920