EconPapers    
Economics at your fingertips  
 

Not Just the Great Contraction: Friedman and Schwartz's A Monetary History of the United States 1867 to 1960

Michael Bordo () and Hugh Rockoff ()

American Economic Review, 2013, vol. 103, issue 3, 61-65

Abstract: Milton Friedman and Anna J. Schwartz published A Monetary History of the United States: 1867 to 1960 with Princeton University Press in 1963, to critical acclaim. Since then the book's reputation has grown and it clearly has become one of the most influential volumes in economics in the twentieth century. In this paper we document the extraordinary impact of A Monetary History and argue that the key to this success was the use of the "narrative approach" to the problem of identifying the effects of monetary policy on economic activity.

JEL-codes: B31 E32 E44 E52 E58 N11 N12 (search for similar items in EconPapers)
Date: 2013
Note: DOI: 10.1257/aer.103.3.61
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.103.3.61 (application/pdf)
http://www.aeaweb.org/aer/ds/may2013/P2013_0727_ds.zip (application/zip)
http://www.aeaweb.org/aer/data/may2013/P2013_0727_data.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Not Just the Great Contraction: Friedman and Schwartz's A Monetary History of the United States 1867 to 1960 (2013) Downloads
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:aea:aecrev:v:103:y:2013:i:3:p:61-65

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2019-08-22
Handle: RePEc:aea:aecrev:v:103:y:2013:i:3:p:61-65