%0 Journal Article %A Meltzer, Allan %D 2008 %T Monetarism Revisited %U https://kilthub.cmu.edu/articles/journal_contribution/Monetarism_Revisited/6706886 %R 10.1184/R1/6706886.v1 %2 https://kilthub.cmu.edu/ndownloader/files/12235910 %K Business %K Management %X

Thomas Mayer and Patrick Minford's retrospective on monetarism offers a useful summary of some of the main issues in the 1960s and 1970s debate over monetary theory and policy. I agree with much, but not all, of what they say and especially with a main conclusion that they draw: currently most of the issues then in dispute are now regarded as settled. Much of monetarist analysis now forms a central part of what is (strangely) called the neo-Keynesian model.

%I Carnegie Mellon University