This paper addresses whether the Friedman rule can be optimal in an economy in which the Tobin effect is operative. We … "anti-Tobin effect" is operative, and the Friedman rule is optimal (that is, stationary-welfare-maximizing) regardless of … show that an operative anti-Tobin effect is a sufficient condition for the Friedman rule to be optimal. Also, contrary to …

Milton Friedman Luncheon, University of Missouri-Columbia, Columbia, Mo., July 31, 2007 …

This paper evaluates an empirical model of UK money demand developed by Friedman and Schwartz in Monetary Trends …

Milton Friedman proposed that optimal monetary policy should lead to a steady rate of deflation. For some economists, the … Friedman rule is mainly a benchmark for thinking clearly about the assumptions underlying our models and a systematic guide for … most of the work in the field of monetary theory has focused on identifying situations in which Friedman’s insight does not …

In his new book, Money Mischief, economist Milton Friedman compares inflation to alcoholism; blames the rise of Chinese …

Milton Friedman's publications and commentaries became the subject of enormous publicity and scrutiny in the United … Kingdom. This paper analyzes the interaction of Milton Friedman and U.K. economic policy from 1938 to 1979. The period under … considers Friedman's observations on, and role in, key developments in U.K. monetary policy and in general U.K. economic policy. …