Recent Perspectives in and on Macroeconomics

Benjamin M. Friedman

Chapter 11 in Issues in Contemporary Macroeconomics and Distribution, 1985, pp 270-286 from Palgrave Macmillan

Abstract: Abstract For a would-be science with no laboratory, whatever experiments nature provides carry great weight. For economics, and especially for macroeconomics, the experience of actual economies not only motivates ideas but also sometimes disconfirms them. When actual economic events are sufficiently compelling, they can even change long-established thinking or reverse the momentum of newer approaches just establishing themselves.

Keywords: Monetary Policy; Central Bank; Rational Expectation; Price Inflation; Real Economic Activity (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-06879-1_11

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