Milton Friedman, Robert E. Lucas, Jr. and Edmund S. PhelpsHoward R. Vane, Chris Mulhearn This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those Laureates working in the same broad area of study. The careful selection of papers within each volume is set in context by an insightful introduction to the Laureates' careers and main published works. This landmark series will be an essential reference for scholars throughout the world. |
Contents
Milton Friedman 19122006 | 3 |
University of Chicago | 97 |
Milton Friedman 1968 The Role of Monetary Policy American | 149 |
Copyright | |
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Common terms and phrases
adjustment aggregate demand American Economic Review analysis assets assumptions average balances bank behavior BUSINESS CYCLES constant consumption countries currency cyclical demand for money econometric effect elasticity equation equilibrium Essays in Positive estimate evidence example firms flexible exchange rates fluctuations function hence human capital hyperinflations hypothesis implies important increase inflation inflation rate interest rates internal prices investment JOURNAL OF POLITICAL labor Lucas macroeconomic Milton Friedman monetary authority monetary policy MONEY AND BUSINESS money income money stock movements natural rate NEUTRALITY OF MONEY nominal optimal paper path period Phelps Phillips curve Positive Economics predictions price level problem production quantity of money Quantity Theory rate of change rate of growth rate of inflation ratio rational expectations real wage relative result rise role speculation stability standard deviation sterling area stock of money supply tion trade unemployment unemployment rate United utility variables variance zero