The Contribution of a Monetary History of the United States: 1867 to 1960 To Monetary History
Michael Bordo ()
No 2549, NBER Working Papers from National Bureau of Economic Research, Inc
This paper assesses the role of Friedman and Schwartz's "A Monetary History of the United Slates: 1867 to 1960" as a progenitor of research in monetary history. The paper critically surveys the literature on three major themes in the book: monetary disturbances; the domestic monetary framework and monetary policy: and monetary standards. The book's unique portrayal of the historical circumstances of monetary disturbances and of alternative institutional arrangements serves as the closest thing to a laboratory experiment for the monetary economist. Historical study has become an important tool of modern macroeconomic research.
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Published as The Contribution of "A Monetary History of the United States, 1867-1960" to Monetary History. From Money, History and International Finance: Essaysin Honor of Anna J. Schwartz, edited by Michael D. Bordo, pp. 15-70. Chicago: The University of Chicago Press, 1989.
Published as The Contribution of "A Monetary History of the United States, 1867-1960" to Monetary History , Michael D. Bordo. in Money, History, and International Finance: Essays in Honor of Anna J. Schwartz , Bordo. 1989
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Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:2549
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