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The Impact of Milton Friedman on Modern Monetary Economics
Edward Nelson
Anna Jacobson Schwartz
其他書名
Setting the Record Straight on Paul Krugman's "Who was Milton Friedman?"
出版
National Bureau of Economic Research
, 2007
URL
http://books.google.com.hk/books?id=WBPwAAAAMAAJ&hl=&source=gbs_api
註釋
Paul Krugman's essay "Who Was Milton Friedman?" seriously mischaracterizes Friedman's economics and his legacy. In this paper we provide a rejoinder to Krugman on these issues. In the course of setting the record straight, we provide a self-contained guide to Milton Friedman's impact on modern monetary economics and on today's central banks. We also refute the conclusions that Krugman draws about monetary policy from the experiences of the United States in the 1930s and of Japan in the 1990s.
