David Laidler on Monetarism

Michael David Bordo () and Anna J. Schwartz

No 12593, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: David Laidler has been a major player in the development of the monetarist tradition. As the monetarist approach lost influence on policy makers he kept defending the importance of many of its principles. In this paper we survey and assess the impact on monetary economics of Laidler's work on the demand for money and the quantity theory of money; the transmission mechanism on the link between money and nominal income; the Phillips Curve; the monetary approach to the balance of payments; and monetary policy.

JEL-codes: E00 E50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-hpe, nep-mac and nep-mon
Date: 2006-10
Note: ME
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