Why the fuss? Friedman (1968) after 50 years

David Laidler

Review of Keynesian Economics, 2018, vol. 6, issue 4, 437-445

Abstract: Friedman's presidential address was about 'The role of monetary policy'. Its famous discussion of inflation–unemployment interrelationships was subservient to this broader topic. The program it promoted influenced monetary policy in the 1970s and early 1980s with mixed results, but enough of it survived to be a clearly visible influence on today's inflation-targeting regimes.

Keywords: monetary policy; inflation; unemployment; natural unemployment rate; expectations (search for similar items in EconPapers)
JEL-codes: B22 B31 E31 E52 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/journals/roke/6-4/roke.2018.04.04.xml (application/pdf)
Restricted access

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:elg:rokejn:v:6:y:2018:i:4:p437-445

Access Statistics for this article

Review of Keynesian Economics is currently edited by Thomas Palley, Matías Vernengo and Esteban Pérez Caldentey

More articles in Review of Keynesian Economics from Edward Elgar Publishing
Bibliographic data for series maintained by Phillip Thompson ().