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Friedman's presidential address in the evolution of macroeconomic thought

Author: N Gregory Mankiw; Ricardo Reis; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2017.
Series: Working paper series (National Bureau of Economic Research), no. 24043.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This essay discusses the role of Milton Friedman’s presidential address to the American Economic Association, which was given a half century ago and helped set the stage for modern macroeconomics. We discuss where macroeconomics was before the address, what insights Friedman offered, where researchers and central bankers stand today on these issues, and (most speculatively) where we may be heading in the future.
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Details

Named Person: Milton Friedman
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: N Gregory Mankiw; Ricardo Reis; National Bureau of Economic Research,
OCLC Number: 1012400729
Notes: "November 2017"
Description: 1 online resource (28 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 24043.
Responsibility: N. Gregory Mankiw, Ricardo Reis.

Abstract:

This essay discusses the role of Milton Friedman’s presidential address to the American Economic Association, which was given a half century ago and helped set the stage for modern macroeconomics. We discuss where macroeconomics was before the address, what insights Friedman offered, where researchers and central bankers stand today on these issues, and (most speculatively) where we may be heading in the future.

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