MIT and Money

Perry Mehrling
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Perry Mehrling: Barnard College, Columbia University

No 2013-44, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: The Treasury-Fed Accord of 1951 and the subsequent rebuilding of private capital markets, first domestically and then globally, provided the shifting institutional background against which thinking about money and monetary policy evolved within the MIT economics department. Throughout that evolution, a constant, and a constraint, was the conception of monetary economics that Paul Samuelson had himself developed as early as 1937, a conception that informed the decision to bring in Modigliani in 1962, as well as Foley and Sidrauski in 1965.

Keywords: MIT; monetary economics; Paul Samuelson (search for similar items in EconPapers)
JEL-codes: B22 E50 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2013-10
New Economics Papers: this item is included in nep-cba, nep-his, nep-hpe, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2013-44

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