A neglected inconsistency in Milton Friedman's AEA Presidential Address

A neglected inconsistency in Milton Friedman's AEA Presidential Address

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Friedman (1968) – his famous Presidential Address to the American Economic Association – contains an elementary error right at the heart of what is usually supposed to be the paper’s crucial argument. That is the argument to the effect that during an inflation, changing expectations shift the Philli...

書誌詳細
第一著者:	Forder, J
フォーマット:	Journal article
出版事項:	Cambridge University Press 2015

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