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Friedman, Benjamin M.

Overview
Works: 209 works in 1,081 publications in 6 languages and 17,243 library holdings
Genres: Conference papers and proceedings  Handbooks and manuals 
Roles: Author, Editor, Author of introduction, Other, Honoree
Classifications: HJ257.2, 174
Publication Timeline
Key
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
Day of reckoning : the consequences of American economic policy under Reagan and after by Benjamin M Friedman( Book )
21 editions published between 1988 and 1989 in English and held by 1,602 libraries worldwide
Analyzes the long term consequences of the American economic policy under the Reagan administration
Handbook of monetary economics by Benjamin M Friedman( Book )
121 editions published between 1990 and 2011 in 3 languages and held by 1,061 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 about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis Explores the policies and practices used in formulating and transmitting monetary policies Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years
New challenges to the role of profit by Benjamin M Friedman( Book )
23 editions published between 1978 and 1979 in English and Undetermined and held by 647 libraries worldwide
Inequality in America : what role for human capital policies? by James J Heckman( Book )
12 editions published between 2002 and 2005 in English and held by 590 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?"--Jacket
Corporate capital structures in the United States ( Book )
12 editions published between 1985 and 2009 in English and Undetermined and held by 568 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
Financing corporate capital formation by Benjamin M Friedman( Book )
18 editions published between 1986 and 2007 in English and Undetermined and held by 503 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
Should the United States privatize Social Security? by Henry J Aaron( Book )
17 editions published between 1999 and 2001 in English and held by 444 libraries worldwide
The two papers that make up the core of this book address a fundamental question in the current debate over Social Security, whether to shift, in part or entirely, from today's pay-as-you-go system to one in which individuals retain control over the investment of their funds and therefore personally bear the associated risk. John Shoven argues yes, Henry Aaron no
Reforming U.S. financial markets : reflections before and beyond Dodd-Frank by Randy Kroszner( Book )
18 editions published between 2011 and 2013 in 3 languages and held by 349 libraries worldwide
Papers and discussions presented at the fifth Alvin Hansen Symposium on Public Policy, held at Harvard University on April 30, 2009
Offshoring of American jobs : what response from U.S. economic policy? by Jagdish N Bhagwati( Book )
12 editions published in 2009 in English and held by 309 libraries worldwide
Two leading economists discuss a range of issues relating to the "offshoring" of American jobs, from free trade to unemployment levels
Does debt management matter? by Jonas Agell( Book )
12 editions published between 1989 and 1992 in English and Undetermined and held by 283 libraries worldwide
The moral consequences of economic growth by Benjamin M Friedman( Book )
9 editions published between 2005 and 2006 in English and held by 210 libraries worldwide
Análise comprativa sobre a democracia e seus efeitos no desenvolvimento econômico nos seguintes países: Estados Unidos, Reino Unido, França, Alemanha
Inflation, unemployment, and monetary policy by Robert M Solow( Book )
32 editions published between 1995 and 2013 in 5 languages and held by 108 libraries worldwide
"In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconomics and a practical contribution to the solution of a public policy question of central importance."--Jacket
Monetary policy in the United States : design and implementation by Benjamin M Friedman( Book )
2 editions published in 1981 in English and held by 98 libraries worldwide
The rise and fall of money growth targets as guidelines for U.S. monetary policy by Benjamin M Friedman( Book )
25 editions published between 1996 and 1998 in English and Undetermined and held by 92 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 by Benjamin M Friedman( Book )
27 editions published between 1982 and 2001 in English and held by 85 libraries worldwide
The principal criteria for the selection of an intermediate target for monetary policy are (1) that the target be closely related to the nonfinancial objectives of monetary policy, (2) that it contain information about the future movements of those relevant aspects of the nonfinancial economy, (3) that it be closely connected to the instruments over which the central bank can exert direct control, and (4) that data on it be readily available on a timely basis. The evidence presented in this paper indicates that, on each of the four criteria considered, total net credit is just as suitable as any of the monetary aggregates to serve as an intermediate target for monetary policy in the United States. As long as the Federal Reserve Sys tem continues to use an intermediate target procedure, this evidence is consistent with adopting a two-target framework based on both money and credit, thereby drawing on information from both sides of the public's balance sheet for the set of signals that govern the systematic response of monetary policy to economic events
Indicator properties of the paper-bill spread : lessons from recent experience by Benjamin M Friedman( Book )
14 editions published between 1994 and 1995 in English and held by 66 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
The future of monetary policy : the central bank as an army with only a signal corps? by Benjamin M Friedman( Book )
12 editions published in 1999 in English and held by 59 libraries worldwide
The influence of monetary policy over interest rates, and via interest rates over nonfinancial economic activity, stems from the central bank's role as a monopolist over the supply of bank reserves. Several trends already visible in the financial markets of many countries today threaten to weaken or even undermine the relevance of that monopoly, and with it the efficacy of monetary policy. These developments include the erosion of the demand for bank-issued money, the proliferation of nonbank credit, and aspects of the operation of bank clearing mechanisms. What to make of these threats from a public policy perspective in particular, whether to undertake potentially aggressive regulatory measures in an effort to forestall them depends in large part on one's view of the contribution of monetary policy toward successful economic performance
Does monetary policy affect real economic activity? : why do we still ask this question? by Benjamin M Friedman( Book )
10 editions published between 1995 and 1997 in English and held by 58 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
Economic implications of changing share ownership by Benjamin M Friedman( Book )
11 editions published between 1995 and 1996 in English and held by 58 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
The Changing roles of debt and equity in financing U.S. capital formation by Benjamin M Friedman( Book )
3 editions published between 1982 and 2009 in English and held by 1 library worldwide
 
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Alternative Names
Benjamin Friedman
Benjamin M. Friedman Amerikaans econoom
Benjamin M. Friedman amerikansk ekonom
Benjamin M. Friedman amerikansk økonom
Benjamin M. Friedman US-amerikanischer Ökonom
Benjamin Morton Friedman
Friedman, B.
Friedman, Ben 1944-
Friedman, Benjamin 1944-
Friedman, Benjamin L.
Friedman, Benjamin Morton.
Friedman, Benjamin Morton 1944-
Фридмен, Бенджамин
بنجامین ام. فریدمن اقتصاددان آمریکایی
フリードマン, ベンジャミン・M
ベンジャミン・フリードマン
Languages
English (391)
Italian (4)
Polish (3)
Japanese (2)
Chinese (1)
Spanish (1)
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