Money and Income: Post Hoc Ergo Propter Hoc?
Reads0
Chats0
TLDR
An ultra-Keyniesian model, 303 as discussed by the authors, and a Friedman model, 310, were used to compare timing implications, and they showed that timing implications are strongly correlated.Abstract:
An ultra-Keyniesian model, 303. — A Friedman model, 310. — Comparisons of timing implications, 314.read more
Citations
More filters
Journal Article
Money Neutrality: An Empirical Assessment for Mexico
TL;DR: A review of the literature is carried out in order to provide a framework for the empirical analysis as mentioned in this paper, where M1 is used, while GDP, duly adjusted for inflation stands for output.
Locked-in sticky textbooks: mainstream teaching of the money supply process
TL;DR: The authors summarizes the extent mainstream macroeconomic textbooks are "locked in" and "sticky" and fail both in the teaching of monetary policy and in proper scientific discourse, concluding that "the vast majority of undergraduate macroeconomic textbook continue to teach the high-powered-base moneymultiplier paradigm that the supply of money is exogenously determined by the central bank".
Residual Barter Networks and Macro-Economic Stability: Switzerland's Wirtschaftsring
TL;DR: The experience of the Swiss Wirtschaftsring ("Economic Circle") suggests that the "residual" spending power it provides during recessions is highly counter- cyclical, with important implications for monetary theory and policy as discussed by the authors.
Journal ArticleDOI
Milton Friedman and U.S. Monetary History: 1961−2006
TL;DR: This paper brought together, using extensive archival material from several countries, scattered information about Friedman's views and predictions regarding U.S. monetary policy developments after 1960 (i.e., the period beyond that covered by his and Anna Schwartz's Monetary History of the United States).