More on Hawtrey, Harvard and Chicago
AbstractIn this paper, I shall discuss in turn: the views of Hawtrey and Friedman on the powers of monetary and fiscal policy, and contrast them with those of Douglas and Director to which Tavlas draws attention; the role of monetary factors in causing and exacerbating the Great Contraction of 1929-1933, and what monetary policy might have accomplished to mitigate it; and the relationship between Douglas' work and that of some of his Chicago colleagues.
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Bibliographic InfoPaper provided by University of Western Ontario, Department of Economics in its series UWO Department of Economics Working Papers with number 9704.
Length: 24 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: Department of Economics, Reference Centre, Social Science Centre, University of Western Ontario, London, Ontario, Canada N6A 5C2
Phone: 519-661-2111 Ext.85244
Web page: http://economics.uwo.ca/research/research_papers/department_working_papers.html
MONETARY POLICY; FISCAL POLICY;
Other versions of this item:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
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