• Corpus ID: 151303644

A Post-Crisis Reading of the 'Role of Monetary Policy'

  title={A Post-Crisis Reading of the 'Role of Monetary Policy'},
  author={Stan du Plessis},
In 1967 Milton Friedman delivered "The Role of Monetary Policy’ as his presidential address to the American Economic Association (AEA). In its published version – Friedman (1968) – it has become, arguably, the most influential paper in modern monetary economics and was recently included in the AEA’s list of the twenty most influential papers published in the first century of the American Economic Review. But the influence of Friedman’s address is based on an interpretation that… 
Implications of Monetary Policy for Credit and Investment in Sub-Saharan African Countries
This paper investigates the implications of monetary policy for domestic investment through its effects on bank lending to the private sector and interest rates in sub-Saharan African countries. The
Shadow banking, financial stability and economic performance: implications for regulation in emerging economies
A Thesis submitted to the Faculty of Commerce, Administration and Law, of the requirements for the Degree of Doctor of Commerce in the Department of Economics at the University of Zululand, 2019.


A Monetary History of the United States
Writing in the June  issue of the Economic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: “The long-awaited monetary
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FOR some years now, I have been engaged in extensive empirical studies of the relation between the stock of money and economic activity. Though a full report on this work is not yet in print, and
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During the late 19th and early 20th centuries, the problems of the day were of a kind that led economists to concentrate on the allocation of resources and, to a lesser extent, economic growth, and
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Every empirical study rests on a theoretical framework, on a set of tentative hypotheses that the evidence is designed to test or to adumbrate. It may help the reader of the series of monographs on
In search of a monetary constitution
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Interest Rates and the Demand for Money
  • M. Friedman
  • Economics
    The Journal of Law and Economics
  • 1966
ONE major strand of Keynesian analysis traces the implications of a particular empirical assumption about the demand for money-that its elasticity with respect to interest rates is very high,
The Monetary Theory and Policy of Henry Simons
  • M. Friedman
  • Economics
    The Journal of Law and Economics
  • 1967
IT is a great honor for me to give the Henry Simons Lecture. He was my teacher and my friend-and above all, a shaper of my ideas. No man can say precisely whence his beliefs and his values come--but
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When the Bank of Sweden established the prize for Economic Science in memory of Alfred Nobel (1968), there doubtless was as there doubtless still remains widespread skepticism among both scientists
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C URRENCY arrangements have frequently been in a state of confusion and change, but seldom to so great an extent as in the period since the end of World War II. On the one hand, the Western nations