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David Laidler on Monetarism

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Author Info
Michael Bordo
Anna J. Schwartz

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Abstract

David Laidler has been a major player in the development of the monetarist tradition. As the monetarist approach lost influence on policy makers he kept defending the importance of many of its principles. In this paper we survey and assess the impact on monetary economics of Laidler's work on the demand for money and the quantity theory of money; the transmission mechanism on the link between money and nominal income; the Phillips Curve; the monetary approach to the balance of payments; and monetary policy.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12593.

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Date of creation: Oct 2006
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Handle: RePEc:nbr:nberwo:12593

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E00 - Macroeconomics and Monetary Economics - - General - - - General
E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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  1. Laidler, David, 1988. "Some Macroeconomic Implications of Price Stickiness," The Manchester School of Economic & Social Studies, Blackwell Publishing, vol. 56(1), pages 37-54, March.
  2. Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," Journal of Political Economy, University of Chicago Press, vol. 67, pages 327. [Downloadable!] (restricted)
    Other versions:
  3. David Laidler, 2003. "Monetary Policy without Money: Hamlet without the Ghost," UWO Department of Economics Working Papers 20037, University of Western Ontario, Department of Economics. [Downloadable!]
  4. David F. Hendry & Neil R. Ericsson, 1990. "Modeling the demand for narrow money in the United Kingdom and the United States," International Finance Discussion Papers 383, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    Other versions:
  5. Laidler, David, 1981. "Monetarism: An Interpretation and an Assessment," Economic Journal, Royal Economic Society, vol. 91(361), pages 1-28, March.
  6. Laidler, David, 1981. "Some Policy Implications of the Monetary Approach to Balance of Payments and Exchange Rate Analysis," Oxford Economic Papers, Oxford University Press, vol. 33(0), pages 70-84, Supplemen. [Downloadable!] (restricted)
  7. Friedman, Milton, 1970. "A Theoretical Framework for Monetary Analysis," Journal of Political Economy, University of Chicago Press, vol. 78(2), pages 193-238, March-Apr. [Downloadable!] (restricted)
    Other versions:
  8. Laidler, David, 1978. "Money and money income: An essay on the `transmission mechanism'," Journal of Monetary Economics, Elsevier, vol. 4(2), pages 151-191, April. [Downloadable!] (restricted)
    Other versions:
  9. Laidler, David, 1999. "The Quantity of Money and Monetary Policy," Working Papers 99-5, Bank of Canada. [Downloadable!]
  10. Laidler, David, 1980. "The demand for money in the United States-- Yet again," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 12(1), pages 219-271, January. [Downloadable!] (restricted)
  11. Laidler, David E W, 1976. "Inflation in Britain: A Monetarist Perspective," American Economic Review, American Economic Association, vol. 66(4), pages 485-500, September.
  12. Bordo, Michael D. & Jonung, Lars, 1990. "The long-run behavior of velocity: The institutional approach revisited," Journal of Policy Modeling, Elsevier, vol. 12(2), pages 165-197. [Downloadable!] (restricted)
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  13. Laidler, D., 1991. "Price Stability and The Monetary Order," UWO Department of Economics Working Papers 9116, University of Western Ontario, Department of Economics.
  14. Laidler, David, 1973. "Monetarist Policy Prescriptions and Their Background," The Manchester School of Economic & Social Studies, Blackwell Publishing, vol. 41(1), pages 59-71, March.
  15. Laidler, David, 1973. "Simultaneous Fluctuations in Prices and Output-A Business Cycle Approach," Economica, London School of Economics and Political Science, vol. 40(157), pages 60-72, February. [Downloadable!] (restricted)
  16. Stephen M. Goldfeld, 1976. "The Case of the Missing Money," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(1976-3), pages 683-740. [Downloadable!]
  17. Laidler, David, 1984. "The 'Buffer Stock' Notion in Monetary Economics," Economic Journal, Royal Economic Society, vol. 94(376a), pages 17-34, Supplemen. [Downloadable!] (restricted)
  18. Phelps, Edmund S & Taylor, John B, 1977. "Stabilizing Powers of Monetary Policy under Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 163-90, February. [Downloadable!] (restricted)
  19. Laidler, David E W & Parkin, J Michael, 1975. "Inflation: A Survey," Economic Journal, Royal Economic Society, vol. 85(340), pages 741-809, December. [Downloadable!] (restricted)
  20. David E. Laidler, 1988. "Taking Money Seriously," Canadian Journal of Economics, Canadian Economics Association, vol. 21(4), pages 687-713, November. [Downloadable!] (restricted)
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  21. David Laidler, 1966. "The Rate of Interest and the Demand for Money--Some Empirical Evidence," Journal of Political Economy, University of Chicago Press, vol. 74, pages 543. [Downloadable!] (restricted)
  22. Buiter, Willem H, 1980. "The Macroeconomics of Dr. Pangloss: A Critical Survey of the New Classical Macroeconomics," Economic Journal, Royal Economic Society, vol. 90(357), pages 34-50, March. [Downloadable!] (restricted)
  23. Stephen M. Goldfeld, 1973. "The Demand for Money Revisited," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(1973-3), pages 577-646. [Downloadable!]
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