milton friedman and the federal reserve chairs 1951 1979 edward nelson federal reserve board preliminary october 23 2013 abstract this paper studies the interactions between milton friedman and the three ...
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...Milton friedman and the federal reserve chairs edward nelson board preliminary october abstract this paper studies interactions between three chairmen from to william mcchesney martin arthur burns g miller had much praise for monetary policy in first half of chairman s tenure which covered immediate post accord years singled out achievement price stability felt however that an overemphasis on interest rate stabilization during led a money growth pattern magnified cyclical fluctuations considerable misgivings about especially once period restraint was abandoned both were at odds with issue extent could restore email frb gov is based portions chapters through author forthcoming book economic indebted will gamber research assistance views expressed are those alone do not necessarily reflect governors system or its staff introduction schwartz published landmark study history developments united states fifty later by rotemberg century found himself entwined such final paragraph has outsize ...