Milton Friedman and the Contemporary Monetary Policy
نویسندگان
چکیده
منابع مشابه
Milton Friedman: Perspectives, Particularly on Monetary Policy
When my son Jason was an economics Ph.D. student at Harvard in the 1990s, he said: “I have observed that only two economists can push you around, Milton Friedman and Gary Becker.” I agreed but argued that it was a good thing. Everyone needed heroes, and Gary had only Milton. Milton had no one, except Ronald Reagan in the 1980s, but Reagan did not really qualify as an economist. Arthur Burns may...
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from such questions at present. For this debate, see pro open immigration: Block (1998, 2004), Block and Callahan (2003), Gregory and Block (2007) Huerta de Soto (1998); anti open immigration: Brimelow (1995), Taylor (1998), Hoppe (1998, 2001), Kinsella (2005). III. Categorizing Friedman. With this overview, which hopefully will enable us to identify the players without a scorecard, we can now ...
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The names Milton Friedman and John Taylor are associated with different monetary policy rules; but, as shown in this paper, the difference between their perceptions of how the economy works is not great. The monetary policy rules advanced by Taylor and Friedman are compared by linking the rules to the two economists’ underlying views about nominal rigidity, the source of trade-offs, the sources...
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The negative income tax represents one of the fundamental ideas of modern welfare policy. Based on a simple application of elementary price theory, it has a powerful lesson for work incentives in welfare programs. The academic literature on the negative income tax has raised two difficulties with it, one concerning work disincentives arising from an increase in the eligibility point, and the ot...
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ژورنال
عنوان ژورنال: Český finanční a účetní časopis
سال: 2012
ISSN: 1802-2200,1802-2200
DOI: 10.18267/j.cfuc.3