Rethinking the Monetarist Experience: Monetary Theory and Monetary Policy in the United States

Benjamin K. Johannsen and Bradley W. Bateman

HISTORY OF ECONOMIC THOUGHT AND POLICY, 2013, vol. 2013/1, issue 1, 161-179

Abstract: 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.

JEL-codes: A11 B22 E58 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 072&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fan:spespe:v:html10.3280/spe2013-001009

Ordering information: This journal article can be ordered from
http://www.francoang ... o.aspx?IDRivista=121

Access Statistics for this article

HISTORY OF ECONOMIC THOUGHT AND POLICY is currently edited by FrancoAngeli

More articles in HISTORY OF ECONOMIC THOUGHT AND POLICY from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().