
Determining the Value of Money: Next Steps for the Fiscal Theory of the Price Level
07 Nov 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: inflation, monetary policy
Israel 1983: A bout of unpleasant monetarist arithmetic
06 Nov 2021 Leave a comment
in budget deficits, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics Tags: hyperinflation, inflation
A Monetary History… provided the historical narrative supporting the contention that in many episodes, monetary instability arose independently of the behaviour of nominal income and prices
04 Nov 2021 Leave a comment

How to Cure Inflation Milton Friedman
29 Oct 2021 Leave a comment
in budget deficits, business cycles, economic growth, economic history, fiscal policy, great depression, history of economic thought, macroeconomics, monetarism, monetary economics, unemployment
Prescott on booms and busts
25 Oct 2021 Leave a comment
in budget deficits, business cycles, economic growth, history of economic thought, macroeconomics, monetarism, monetary economics


From Five Macroeconomic Myths, By Edward Prescott, The Wall Street Journal, December 11, 2006 https://www.minneapolisfed.org/~/media/files/research/prescott/wsj/wsj_12-11-06_five_macroeconomic_myths.pdf?la=en via https://www.minneapolisfed.org/research/prescott/wsj










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