Why the Fuss? - Friedman (1968) After Fifty Years

David Laidler

No 20184, University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics

Abstract: Friedman’s Presidential Address was about "The Role of Monetary Policy". Its famous discussion of inflation-unemployment inter-relationships was subservient to this broader topic. The program it promoted influenced monetary policy in the ‘70s and early ‘80s with mixed results, but enough of it survived to be a clearly visible influence on today’s inflation-targeting regimes.

Date: 2018
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