A monetary history of the United States, 1867-1960 /

Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential c...

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Bibliographic Details
Main Author: Friedman, Milton, 1912-2006
Other Authors: Schwartz, Ana Jacobson
Format: Book
Language:English
Published: Princeton, N.J. : Princeton University Press, 1963
Series:National Bureau of Economic Research. Studies in business cycles ; 12
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Online Access:Reseña
Description
Summary:Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger."
Physical Description:xxiv, 860 p.
Bibliography:Incluye referencias bibliográficas.