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The Role of Monetary Policy
Abstract
There is wide agreement about the major goals of economic policy: high employment, stable prices, and rapid growth. There is less agreement that these goals are mutually compatible or, among those who regard them as incompatible, about the terms at which they can and should be substituted for one another. There is least agreement about the role that various instruments of policy can and should play in achieving the several goals.
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Citations
Cited by
Measuring Economic Policy Uncertainty*
Baker, S. R., Bloom, N., & Davis, S. J. (2016) · The Quarterly Journal of Economics · doi:10.1093/qje/qjw024 · Cited by 12,458
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Christiano, L. J., Eichenbaum, M., & Evans, C. L. (2005) · Journal of Political Economy · doi:10.1086/426038 · Cited by 6,238
Econometric policy evaluation: A critique
Lucas, R. E. (1976) · Carnegie-Rochester Conference Series on Public Policy · doi:10.1016/s0167-2231(76)80003-6 · Cited by 6,110
Looking into the Black Box: A Survey of the Matching Function
Petrongolo, B., & Pissarides, C. A. (2001) · Journal of Economic Literature · doi:10.1257/jel.39.2.390 · Cited by 2,384
What are the effects of monetary policy on output? Results from an agnostic identification procedure
Uhlig, H. (2005) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2004.05.007 · Cited by 2,307
Metadata
- Authors
- Friedman, M.
- Venue
- Essential Readings in Economics
- Publisher
- Macmillan Education UK
- Published
- 1995
- Pages
- 215-231
- OpenAlex
- W40048283
- Cited by
- 3,796
- References
- 0
- FWCI
- 231.88
- Type
- book chapter
- Language
- en
- Open access
- closed
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- Friedman, M. (1995). The Role of Monetary Policy. Essential Readings in Economics. https://doi.org/10.1007/978-1-349-24002-9_11
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