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 …

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

of what became known as the Treasury view, Hawtrey's commentary on Keynes's Treatise on Money, including his exposition …

), a Lakatosian concept, of Keynes in The General Theory of Employment, Interest and Money (TGT) with those of its … immediate orthodox schools: Monetarism (MS), Neoclassical Synthesis (NS), New Classical Macroeconomics – rational expectations … – (RE) and General Disequilibrium (GD). The objective is to to assess the immediate impact of Keynes's vision in economics …