The Chicago monetary growth-rate rule: Friedman on Simons reconsidered
The work takes up a series of issues pertaining to the monetary interpretation of Friedman and Simons. The authors find that espousal of a monetary rule involves, foremost, confidence in the extrapolability of long-term statistical trends, particularly with respect to velocity. The initial formulati...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10728 |
| _version_ | 1811172440988975104 |
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| author | G.S. TAVLAS J. ASCHHEIM |
| author_facet | G.S. TAVLAS J. ASCHHEIM |
| author_sort | G.S. TAVLAS |
| collection | DOAJ |
| description | The work takes up a series of issues pertaining to the monetary interpretation of Friedman and Simons. The authors find that espousal of a monetary rule involves, foremost, confidence in the extrapolability of long-term statistical trends, particularly with respect to velocity. The initial formulation of the monetary hypothesis of the Great Depression is linked to an entirely overlooked original contribution by William Foster and Waddill Catchings. Their contribution these authors essentially anticipates views set forth by Friedman and Simons, and already included the formulation of the monetary growth-rate rule.
JEL: B31
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| first_indexed | 2024-04-10T17:30:06Z |
| format | Article |
| id | doaj.art-3cf56ce82e564a56935ac4292eedbae0 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:06Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-3cf56ce82e564a56935ac4292eedbae02023-02-03T16:47:46ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-013413610.13133/2037-3643/10728The Chicago monetary growth-rate rule: Friedman on Simons reconsideredG.S. TAVLASJ. ASCHHEIMThe work takes up a series of issues pertaining to the monetary interpretation of Friedman and Simons. The authors find that espousal of a monetary rule involves, foremost, confidence in the extrapolability of long-term statistical trends, particularly with respect to velocity. The initial formulation of the monetary hypothesis of the Great Depression is linked to an entirely overlooked original contribution by William Foster and Waddill Catchings. Their contribution these authors essentially anticipates views set forth by Friedman and Simons, and already included the formulation of the monetary growth-rate rule. JEL: B31 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10728FriedmanSimonsmonetary ruleWilliam FosterWaddill Catchings |
| spellingShingle | G.S. TAVLAS J. ASCHHEIM The Chicago monetary growth-rate rule: Friedman on Simons reconsidered PSL Quarterly Review Friedman Simons monetary rule William Foster Waddill Catchings |
| title | The Chicago monetary growth-rate rule: Friedman on Simons reconsidered |
| title_full | The Chicago monetary growth-rate rule: Friedman on Simons reconsidered |
| title_fullStr | The Chicago monetary growth-rate rule: Friedman on Simons reconsidered |
| title_full_unstemmed | The Chicago monetary growth-rate rule: Friedman on Simons reconsidered |
| title_short | The Chicago monetary growth-rate rule: Friedman on Simons reconsidered |
| title_sort | chicago monetary growth rate rule friedman on simons reconsidered |
| topic | Friedman Simons monetary rule William Foster Waddill Catchings |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10728 |
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