Template-Type: ReDIF-Paper 1.0
Author-Name: Thomas Mayer
Author-Name-First: Thomas
Author-Name-Last: Mayer
Author-Workplace-Name: Department of Economics, University of California Davis
Title: The Monetarist Policy Debate: An Informal Survey
Abstract: This paper surveys the monetarist position on various aspects of American monetary policy in an informal way and provides the personal reactions of a participant observer in this debate. It emphasizes the intellectual milieu in which monetarism emerged, the background factors that facilitated that emergence, and the relation of monetarism both to ideology and to current thinking about monetary policy. Rather than focus on  whether the monetarists were right or wrong, it evaluates some aspects of the effectiveness with which the debate was conducted.
Length: 27
File-URL: https://repec.dss.ucdavis.edu/files/Uq2AYjvosDYDC1vqmYePrncJ/03-9.pdf
File-Format: application/pdf
Number: 299
Classification-JEL: E5, B2
KeyWords: monetarism, monetarist policy, Friedman, Brunner, Meltzer
Creation-Date: 20030901
Handle: RePEc:cda:wpaper:299