More on Hawtrey, Harvard and Chicago

David Laidler

No 9704, University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics

Abstract: In this paper, I shall discuss in turn: the views of Hawtrey and Friedman on the powers of monetary and fiscal policy, and contrast them with those of Douglas and Director to which Tavlas draws attention; the role of monetary factors in causing and exacerbating the Great Contraction of 1929-1933, and what monetary policy might have accomplished to mitigate it; and the relationship between Douglas' work and that of some of his Chicago colleagues.

Keywords: MONETARY POLICY; FISCAL POLICY (search for similar items in EconPapers)
JEL-codes: E52 H3 (search for similar items in EconPapers)
Date: 1997
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