The framework, which nests standard growth and asset-pricing theory, is calibrated to analyze monetary policy and financial innovation. Inflation can raise output, employment and investment, plus ...

Highlights:,Monetarism links inflation directly to money supply.,Milton Friedman emphasized stable monetary growth over government intervention.,Price stability is the key objective of monetary policy ...

Published in 2021, Ilias Alami provides a theory of the capitalist state that allows for current varieties of state capitalism. The ideas here have been expanded in The Problématique of State ...

Schwartz put ten years of detective work into the project, which helped found the monetarist theory of economics. “Not only by gathering new data but by coming up with new ways to measure information, ...

George S Tavlas, The monetarists: the making of the Chicago monetary tradition, 1927–1960, University of Chicago Press 2023, xviii + 632 pages In the monetary and economic policy debates during the ...

In the monetary and economic policy debates during the second half of the 20 th century, Milton Friedman played a crucial role, advocating a monetarist counter-revolution against the then dominating ...

Monetarists Warned of a Recession To get ahead of the curve, the Fed should follow the quantity theory of money.

On the face of it, monetarism – the theory that if you control the money supply, you control inflation – fits squarely into this paradigm. As soon as government sought to control the money supply, the ...

With the money supply coming back into prominence, its interesting to look back at a time when monetarism was front and centre in the political debate.

None of us are monetarists any more Milton Friedman was a leading economic figure of the 20th century, but his monetary policy theory didn’t work in practice.