Friedman’s Presidential Address in the Evolution of Macroeconomic Thought

N. Gregory Mankiw
Authors registered in the RePEc Author Service: Ricardo Reis

No 12442, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This essay discusses the role of Milton Friedman’s presidential address to the American Economic Association, which was given a half century ago and helped set the stage for modern macroeconomics. We discuss where macroeconomics was before the address, what insights Friedman offered, where researchers and central bankers stand today on these issues, and (most speculatively) where we may be heading in the future.

Date: 2017-11
New Economics Papers: this item is included in nep-his, nep-hpe and nep-mac
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