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The "Treasury View": An (un-)expected return?


  • Pascal Bridel


By examining the rhetorical use of an old piece of economic theory by some contemporary economists, this paper intends to report on "how today's economists conduct a public policy debate". This paper is neither a scholarly history of the interwar debate nor a sophisticated critique of current economic policy. It is an attempt to link the policy and theoretical arguments of two similar debates separated by nearly 80 years. The second part of the paper demonstrates that the (un-)expected return of the Treasury View is a case study illustrating two very different modelling strategies.

Suggested Citation

  • Pascal Bridel, 2014. "The "Treasury View": An (un-)expected return?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(5), pages 920-942, October.
  • Handle: RePEc:taf:eujhet:v:21:y:2014:i:5:p:920-942
    DOI: 10.1080/09672567.2013.873945

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    References listed on IDEAS

    1. Perry Mehrling, 2010. "The New Lombard Street: How the Fed Became the Dealer of Last Resort," Economics Books, Princeton University Press, edition 1, number 9298.
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    Cited by:

    1. Hiermeyer, Martin, 2017. "A More Detailed IS-LM Story," MPRA Paper 81004, University Library of Munich, Germany.

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