The State of the Monetarist Debate

Leonall C. Andersen

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

For over 35 years there has been continuing debate between two prominent schools of economic thought, recently characterized by the labels “monetarist” and “post-Keynesian.” On the monetarist side are Karl Brunner, Milton Friedman, and Allan Meltzer. On the post-Keynesian side are Lawrence Klein, Franco Modigliani, Paul Samuelson, and James Tobin. The debate between them has been ongoing.

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2019Empirical Macroeconomics in a Policy Context

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