Monetarism I: The Counter-Revolution

Gordon A. Fletcher
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Gordon A. Fletcher: The University of Liverpool

Chapter 16 in The Keynesian Revolution and its Critics, 1987, pp 193-210 from Palgrave Macmillan

Abstract: Abstract Monetarists can be thought of as constituting the majority party among those ranged in opposition to Keynes; as against the Austrians as minority party, whose work is generally less well known. In addition, the monetarist framework of analysis so closely parallels that of Keynes that points of potential conflict are easily identified, and the interesting questions concern the validity of the monetarists’ interpretation of Keynes’s propositions in relation to their own and the provenance of the monetarist model itself, in terms of the relative importance of pre-Keynesian and Keynesian influences.

Keywords: Interest Rate; Monetary Policy; Transmission Mechanism; Full Employment; Market Interest Rate (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08736-5_16

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DOI: 10.1007/978-1-349-08736-5_16

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