Money, Income, Prices, and Interest Rates
- B. Friedman, Kenneth N. Kuttner
- Economics
- 1992
Including data from the 1980s sharply weakens the postwar time-series evidence indicating significant relationships between money (however defined) and nominal income or between money and either real…
The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps
- B. Friedman
- Economics
- 1 November 1999
The influence of monetary policy over interest rates, and via interest rates over non-financial economic activity, stems from the central bank's role as a monopolist over the supply of bank reserves.…
Crowding Out or Crowding in? The Economic Consequences of Financing Government Deficits
- B. Friedman
- Economics
- 1 October 1978
The prevailing view of the economic consequences of financing government deficits, as reflected in the recent economics literature and in recent public policy debates, reflects serious…
Decoupling at the Margin: The Threat to Monetary Policy from the Electronic Revolution in Banking
- B. Friedman
- Economics
- 1 July 2000
The threat to monetary policy from the electronic revolution in banking is the possibility of a decoupling' of the operations of the central bank from markets in which financial claims are created…
The moral consequences of economic growth
- B. Friedman
- Economics
- 1 June 2006
Are we right to care so much about economic growth as we clearly do? For citizens of all too many of the world’s countries, where poverty is still the norm, the answer is immediate and obvious. But…
Handbook of Monetary Economics
- B. Friedman, F. Hahn
- Economics
- 1990
Money, Other Assets, and Economic Activity. Consumption and investment (A.B. Abel). Why does money affect output? A survey (O.J. Blanchard). Credit rationing (D. Jaffee, J. Stiglitz). The…
Targets, instruments, and indicators of monetary policy
- B. Friedman
- Economics
- 1 October 1976
Another Look at the Evidence on Money-Income Causality
- B. Friedman, Kenneth N. Kuttner
- Economics
- 1 October 1991
Economic Activity and the Short-term Credit Markets: An Analysis of Prices and Quantities
- B. Friedman, Kenneth N. Kuttner
- Economics
- 1993
THE PROTRACTED WEAKNESS of the U.S. economy that began in 1990 (earlier by some measures) has raised once again some long-standing questions about the relationship between economic activity and the…
Lessons from the 1979-1982 Monetary Policy Experiment
- B. Friedman
- Economics
- 1 February 1984
The experience of U.S. monetary policy during 1979-82 provided useful and potentially important new evidence about how monetary policy affects economic activity. This paper considers, inthe light of…
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