In Defence of Monetarism

K. Alec Chrystal

Chapter 3 in Reflections on Money, 1989, pp 37-57 from Palgrave Macmillan

Abstract: Abstract In some quarters an author who attempted to defend monetarism would be viewed in the same light as someone who supported paedophilia or incest! Monetarism represents the forces of darkness, ignorance and destruction which, it is alleged, inflicted untold damage on the British economy (see, for example, Gould, Mills and Stewart, 1981; and Kaldor, 1982). How could any intelligent person defend the indefensible?

Keywords: Monetary Policy; Fiscal Policy; Nominal Interest Rate; Granger Causality Test; Bank Lending (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-20458-8_3

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