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Friedman's presidential address in the evolution of macroeconomic thought

Mankiw, N. Gregory and Reis, Ricardo (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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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)
Official URL:
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: 21 Nov 2020 00:07

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