Nelson, Edward (contributor); … - 2008 - Rev.
1990s.
Key Words: monetarism, New Keynesian economics, inflation, price controls, Great Depression.
JEL Classification …?” (Krugman, 2007a) seriously
mischaracterizes Friedman’s economics and his legacy as well as the legacy of monetarism.
1 … 1990s to a liquidity trap,
and giving an incorrect picture of the impact of monetarism on monetary policy (Section 1).
In …