Mankiw, N. Gregory and Reis, Ricardo ORCID: 0000-0003-4844-9483 (2017) Friedman's presidential address in the evolution of macroeconomic thought. CFM Discussion Paper Series (CFM-DP2017-32). Centre For Macroeconomics, London, UK.
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Abstract
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: | Monograph (Discussion Paper) |
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Official URL: | http://www.centreformacroeconomics.ac.uk/Discussio... |
Additional Information: | © 2017 The Authors |
Divisions: | Economics Centre for Macroeconomics |
Subjects: | H Social Sciences > HB Economic Theory |
Date Deposited: | 12 Mar 2018 16:39 |
Last Modified: | 11 Dec 2024 19:26 |
URI: | http://eprints.lse.ac.uk/id/eprint/87163 |
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