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Monetarism II: Monetarism, Keynes and the ‘Keynesians’

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

Chapter 17 in The Keynesian Revolution and its Critics, 1987, pp 211-217 from Palgrave Macmillan

Abstract: Abstract Though the real challenge to Keynes lay in the ‘invisible’ elements of Friedman’s counter-revolution, the subsequent monetarist-Keynesian’ debate has been conducted entirely in terms of the ‘visible’ elements, which are alternative formulations of empirical relationships that have their counterpart in the ‘Keynesian’ model.

Keywords: Interest Rate; Monetary Policy; Budget Deficit; Money Stock; Nominal Income (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_17

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DOI: 10.1007/978-1-349-08736-5_17

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