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Rethinking the Monetarist Experience: Monetary Theory and Monetary Policy in the United States
Titolo Rivista: HISTORY OF ECONOMIC THOUGHT AND POLICY 
Autori/Curatori: Benjamin K. Johannsen, Bradley W. Bateman 
Anno di pubblicazione:  2013 Fascicolo: Lingua: Inglese 
Numero pagine:  19 P. 161-179 Dimensione file:  105 KB
DOI:  10.3280/SPE2013-001009
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più:  clicca qui   qui 


In the history of monetary theory and monetary policy, there can be little doubt that the 1980’s are seen as a watershed. Following a disastrous decade of inflation and recession in the 1970’s, the monetarist ideas of Milton Friedman are largely seen to have triumphed then over the older Keynesian demand management policies. The moment of monetarism’s ascendancy is probably seen most often as 1979 – the year that Margaret Thatcher was first elected as Prime Minister of Britain, having run for office on an explicit platform of monetarist ideas, as well as the year that Paul Volcker was named chair of the Federal Reserve’s Board of Governors in the United States. The purpose of this essay is to focus on what happened in the United States after Volcker’s appointment as chair of the Federal Reserve.


Keywords: Monetary policy, Volcker, USA, Federal Reserve, monetarism
Jel Code: A11, E58, B22

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  1. Francesco Cattabrini, Fabio Masini, Balance of Payment, Wage Indexation and Growth: the Role of CESPE in Italian Policy-Making in the 1970s in HISTORY OF ECONOMIC THOUGHT AND POLICY 2/2017 pp. 25, DOI: 10.3280/SPE2017-002002

Benjamin K. Johannsen, Bradley W. Bateman, in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 1/2013, pp. 161-179, DOI:10.3280/SPE2013-001009

   

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