Are There Important Differences between Classical and 21st-Centutry Monetary Theories? Did the Keynesian and Monetarist Revolutions Matter?

John Wood ()
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John Wood: Wake Forest University, Economics Department, Postal: P.O. Box 7505, Winston-Salem, NC 27109, http://college.wfu.edu/economics

No 101, Working Papers from Wake Forest University, Economics Department

Abstract: It is not generally realized how little changed monetary theory and the theory and practice of monetary policy are from three-quarters of a century ago, when J.M. Keynes wrote the book that many believe marked a great divide.

Keywords: keynesian; monetary; theory (search for similar items in EconPapers)
JEL-codes: B30 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2012-09-10
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Persistent link: https://EconPapers.repec.org/RePEc:ris:wfuewp:0101

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