Johannsen, Benjamin K.; Bateman, Bradley W. - In: HISTORY OF ECONOMIC THOUGHT AND POLICY 2013/1 (2013) 1, pp. 161-179
In the history of monetary theory and monetary policy, there can be little doubt that the 1980’s are seen as a watershed. Following a disastrous decade of inflation and recession in the 1970’s, the monetarist ideas of Milton Friedman are largely seen to have triumphed then over the older...