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Milton Friedman and U.S. monetary history: 1961-2006

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Edward Nelson

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Abstract

This paper brings together, using extensive archival material from several countries, scattered information about Milton Friedman’s views and predictions regarding U.S. monetary policy developments after 1960 (i.e., the period beyond that covered by his and Anna Schwartz’s Monetary History of the United States). I evaluate these interpretations and predictions in light of subsequent events.

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Paper provided by Federal Reserve Bank of St. Louis in its series Working Papers with number 2007-002.

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Date of creation: 2007
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Publication status: Published in Federal Reserve Bank of St. Louis Review, May/June 2007, 89(3), pp. 153-82
Handle: RePEc:fip:fedlwp:2007-002

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Keywords: Federal Reserve System - History Friedman Milton Economic history

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Erceg, Christopher J. & Levin, Andrew T., 2003. "Imperfect credibility and inflation persistence," Journal of Monetary Economics, Elsevier, vol. 50(4), pages 915-944, May. [Downloadable!] (restricted)
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  2. Arthur F. Burns, 1973. "Letter on monetary policy," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 15-22. [Downloadable!]
  3. Richard G. Anderson & Kenneth A. Kavajecz, 1994. "A historical perspective on the Federal Reserve's monetary aggregates: definition, construction and targeting," Proceedings, Federal Reserve Bank of St. Louis, issue Mar, pages 1-31. [Downloadable!]
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