Year: 1981
Author: Pippenger, John
Credit and Capital Markets – Kredit und Kapital, Vol. 14 (1981), Iss. 1 : pp. 26–31
Abstract
The Nature of the Theoretical Debate about Monetarism
There is a widespread belief, clearly stated by Benjamin Friedman [1978], that there is no theoretical debate over monetarism. The issues separating monetarists and Keynesians are empirical rather than theoretical. The position taken here is that there is a theoretical debate, but the important theoretical issues are excluded by standard macro models because they assume continuous monetary equilibrium.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.14.1.26
Credit and Capital Markets – Kredit und Kapital, Vol. 14 (1981), Iss. 1 : pp. 26–31
Published online: 1981-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 6
Author Details
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