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Friedman, Benjamin M.

Works: 210 works in 929 publications in 3 languages and 17,528 library holdings
Genres: Conference proceedings 
Roles: Editor, Author of introduction
Classifications: HD7125, 368.4300973
Publication Timeline
Publications about Benjamin M Friedman
Publications by Benjamin M Friedman
Most widely held works about Benjamin M Friedman
Most widely held works by Benjamin M Friedman
Should the United States privatize Social Security? by Henry J Aaron( file )
20 editions published between 1999 and 2001 in English and held by 2,171 libraries worldwide
On the privatization of social security in the U.S
Day of reckoning : the consequences of American economic policy under Reagan and after by Benjamin M Friedman( Book )
16 editions published between 1988 and 1989 in English and Undetermined and held by 1,688 libraries worldwide
Analyzes the long term consequences of the American economic policy under the Reagan administration
The moral consequences of economic growth by Benjamin M Friedman( Book )
32 editions published between 2005 and 2013 in English and held by 1,617 libraries worldwide
""Are we right," Benjamin M. Friedman asks, "to care so much about economic growth as we clearly do?" To answer, Friedman reaches beyond economics. He examines the political and social histories of the large Western democracies - particularly of the United States since the Civil War - distinguishing times of generally rising living standards from those of pervasive stagnation to illustrate how rising incomes render a society more open and democratic. He shows, too, how our attitudes toward economic growth and its consequences have roots in the thinking of prior centuries, especially the Enlightenment, and also include significant strands of religious influence." "Friedman also delineates the role of economic growth in determining which developing nations extend the broadest freedoms to their citizenry. He makes clear that growth, rather than just the level of living standards, is key to effecting political and social liberalization in the third world. But he also warns that the democratic values of countries even as wealthy as our own are at risk whenever incomes stagnate for extended periods. Merely being rich is no protection against a society's retreat into rigidity and intolerance once enough of its citizens lose the sense that they are getting ahead." "Finally, Friedman shows us why, if America is to strengthen democratic institutions around the world as a bulwark against terrorism and social unrest, we must aggressively pursue growth at home and promote worldwide economic expansion beyond what purely market-driven forces would create. And for the United States, he offers concrete suggestions for policy steps to achieve those objectives."--Jacket
Offshoring of American jobs what response from U.S. economic policy? by Jagdish N Bhagwati( file )
10 editions published in 2009 in English and held by 1,317 libraries worldwide
Two leading economists discuss a range of issues relating to the "offshoring" of American jobs, from free trade to unemployment levels
Reforming U.S. financial markets reflections before and beyond Dodd-Frank by Randy Kroszner( file )
15 editions published between 2011 and 2013 in 3 languages and held by 1,260 libraries worldwide
Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements. Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. Kroszner focuses on key areas for reform, including credit rating agencies and the mortgage securitization market. Shiller argues that reform must serve to make the full power of financial theory work for everyone--bringing the technology of finance to bear on managing risk, for example--and should acknowledge the reality of human nature. After brief discussions by four commentators, Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field
Inequality in America what role for human capital policies? by James J Heckman( file )
12 editions published between 2002 and 2005 in English and held by 1,241 libraries worldwide
"Inequality in America What Role for Human Capital Polices? examines the ways in which human capital policies can address this important problem. Taking it as a given that potentially low-income workers would benefit from more human capital in the form of market skills and education, James Heckman and Alan Krueger discuss which policies would be most effective in providing it. Should we devote more resources to the entire public school system or to specialized programs like Head Start? Would relaxing credit restraints encourage more students to attend college? Does vocational training actually work? What is the best balance of private and public sector programs?"--BOOK JACKET
Handbook of monetary economics by Benjamin M Friedman( Book )
51 editions published between 1986 and 2011 in English and Spanish and held by 889 libraries worldwide
How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions abou
The Changing roles of debt and equity in financing U.S. capital formation by Benjamin M Friedman( Book )
16 editions published between 1962 and 2009 in English and held by 792 libraries worldwide
Financing corporate capital formation by Benjamin M Friedman( Book )
15 editions published between 1986 and 2007 in English and Undetermined and held by 726 libraries worldwide
Six leading economists examine the financing of corporate capital formation in the U.S. economy. In clear and nontechnical terms, their papers provide valuable information for economists and nonspecialists interested in such questions as why interest rates are so high, why corporate debt has accelerated in recent years, and how government debt affects private financial markets. Addressing these questions, the contributors focus chiefly on three themes: the actual use of debt and equity financing by corporations in recent years; the factors that drive the financial markets' pricing of debt and
Corporate capital structures in the United States ( Book )
11 editions published between 1985 and 2009 in English and Undetermined and held by 716 libraries worldwide
The research reported in this volume represents the second stage of a wide-ranging National Bureau of Economic Research effort to investigate "The Changing Role of Debt and Equity in Financing U.S. Capital Formation." The first group of studies sponsored under this project, which have been published individually and summarized in a 1982 volume bearing the same title (Friedman 1982), addressed several key issues relevant to corporate sector behavior along with such other aspects of the evolving financial underpinnings of U.S. capital formation as household saving incentives, international capit
New challenges to the role of profit by Benjamin M Friedman( Book )
18 editions published between 1978 and 1979 in English and Undetermined and held by 665 libraries worldwide
Economic stabilization policy : methods in optimization by Benjamin M Friedman( Book )
13 editions published in 1975 in English and Undetermined and held by 381 libraries worldwide
Does debt management matter? by Jonas Agell( Book )
10 editions published between 1989 and 1992 in English and Undetermined and held by 277 libraries worldwide
Handbook of monetary economics by Benjamin M Friedman( Book )
21 editions published between 1990 and 2006 in English and Undetermined and held by 125 libraries worldwide
The rise and fall of money growth targets as guidelines for U.S. monetary policy by Benjamin M Friedman( Book )
14 editions published between 1996 and 1998 in English and held by 109 libraries worldwide
A familiar question raised by the Federal Reserve System's evolving use of money growth targets over the past twenty years is whether monetary policymakers had sound economic reasons for changing their procedures as they did -- either in adopting money growth targets in the first place, or in subsequently abandoning them, or in both instances. This paper addresses that question by comparing two kinds of evidence based on U.S. time-series data: first, evidence bearing on what Federal Reserve policymakers should have known about the relationship of money to income and prices, and when they should have known it; and second, evidence showing how and when the Federal Reserve changed its actual (as opposed to stated) reliance on money growth targets. The main conclusion from this comparison is that whatever economic conditions might have warranted reliance on money growth targets in the 1970s and early 1980s had long disappeared by the 1990s, so that abandoning these targets was an appropriate response to changing circumstances. Whether adopting money growth targets earlier on was likewise appropriate is less clear
Monetary policy in the United States : design and implementation by Benjamin M Friedman( Book )
1 edition published in 1981 in English and held by 99 libraries worldwide
Implications of increasing corporate indebtedness for monetary policy by Benjamin M Friedman( Book )
7 editions published in 1990 in English and held by 92 libraries worldwide
Indicator properties of the paper-bill spread : lessons from recent experience by Benjamin M Friedman( Book )
11 editions published between 1994 and 1995 in English and held by 88 libraries worldwide
A feature of U.S. post-war business cycle experience that is by now widely documented is the tendency of the spread between the respective interest rates on commercial paper and Treasury bills to widen shortly before the onset of recessions. By contrast, the paper- bill spread did not anticipate the 1990-91 recession. Empirical work presented in this paper supports two (not mutually exclusive) explanations for this departure from past experience. First, at least part of the paper-bill spread's predictive content with respect to business cycle fluctuations stems from its role as an indicator of monetary policy, but the 1990-91 recession was unusual in post-war U.S. experience in not being immediately precipitated by tight monetary policy. Second, movements of the spread during the few years just prior to the 1990-91 recession were strongly influenced by changes in the relative quantities of commercial paper, bank CDs and Treasury bills that occurred for reasons unrelated to the business cycle. This latter finding in particular sheds light on the important role of imperfect substitutability of different short-term debt instruments in investors portfolios, and highlights the burdens associated with using relative interest rate relationships as business cycle indicators
Economic implications of changing share ownership by Benjamin M Friedman( Book )
9 editions published between 1995 and 1996 in English and held by 80 libraries worldwide
Institutional investors, including especially pension funds and mutual funds, are steadily replacing individuals as owners of equity shares in the United States. Forty years ago individual investors owned 90% of all equity shares outstanding. Today the individually owned share is just 50%. The arguments and evidence surveyed in this paper suggest four ways in which this shift in share ownership could affect the functioning of the equity market: (1) Increasing institutional ownership could either enhance or impair the market's ability to provide equity financing for emerging growth companies. (2) Increasing institutional ownership, especially in the form of open-end mutual funds, has probably increased the market's volatility in the context of occasional large price movements. (3) The increasing prevalence of defined contribution (as opposed to defined benefit) pension plans, and especially of 401-k plans, has probably resulted in an increased market price of risk. (4) Increasing institutional ownership has facilitated a greater role for shareholders in the governance of U.S. corporate business, and correspondingly reduced the independence of corporate managements
Does monetary policy affect real economic activity? : why do we still ask this question? by Benjamin M Friedman( Book )
8 editions published between 1995 and 1997 in English and held by 78 libraries worldwide
The predominant weight of the existing evidence suggests that the effects of monetary policy on real economic activity are systematic, significant, and sizeable. Yet questions remain, both about individual empirical results and, more broadly, about the different methodological approaches that researchers have used to investigate these effects. This paper addresses the conceptual issues that account for our continuing to ask whether monetary policy has real effects even though, at a certain level, we do 'know' the answer. The paper's overview of theory and evidence suggests that much of the explanation for the continuing tug-of- war between research findings and subsequent questions in this area lies in two sets of limitations, one reflecting how economics conceptualizes behavioral processes and one reflecting how economics draws inferences from observed data
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Alternative Names
Friedman, B.
Friedman, Ben 1944-
Friedman, Benjamin 1944-
Friedman, Benjamin L.
Friedman, Benjamin Morton.
Friedman, Benjamin Morton 1944-
フリードマン, ベンジャミン・M
English (301)
Spanish (1)
Italian (1)
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