Chicago schools old and new on the efficacy of monetary policy
This paper traces the evolvement of monetary-policy proposals at Chicago from the early 1930s up until the appearance of Friedman’s classic “Restatement” of the quantity theory in 1956. First, the pragmatic nature of Chicagoan monetary economics during the depression-dominated 1930s is examined. The...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-12-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11369 |