The impact of Milton Friedman on modern monetary economics
Subtitle: setting the record straight on Paul Krugman's "Who was Milton Friedman?"
By: by Edward Nelson and Anna J. Schwartz
Contributors: Schwartz, Anna J. (Anna Jacobson), 1915-2012; Federal Reserve Bank of St. Louis
Series: Working paper -- 2007-048A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2007-048A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2007
Place of publication: St. Louis, Mo.]
Language: eng
Format: Electronic resource
Description: "Paul Krugman's essay "Who Was Milton Friedman?" seriously mischaracterizes Friedman's economics and his legacy.  In this paper we provide a rejoinder to Krugman on these issues.  In the course of setting the record straight, we provide a self-contained guide to Milton Friedman's impact on modern monetary economics and on today's central banks.  We also refute the conclusions that Krugman draws about monetary policy from the experiences of the United States in the 1930s and of Japan in the 1990s"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 11/1/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.