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Friedman’s presidential address in the evolution of macroeconomic thought

Reis, Ricardo and Mankiw, N. Gregory (2018) Friedman’s presidential address in the evolution of macroeconomic thought. Journal of Economic Perspectives, 32 (1). pp. 81-96. ISSN 0895-3309

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This essay discusses the role of Milton Friedman’s presidential address to the American Economic Association, which was given a half century ago and helped set the stage for modern macroeconomics. We discuss where macroeconomics was before the address, what insights Friedman offered, where researchers and central bankers stand today on these issues, and (most speculatively) where we may be heading in the future.

Item Type: Article
Official URL:
Additional Information: © 2017 American Economic Association
Divisions: Economics
Subjects: H Social Sciences > HB Economic Theory
Sets: Departments > Economics
Date Deposited: 22 Nov 2017 09:52
Last Modified: 20 Jun 2020 00:10

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