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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.

Vol. 92, No. 4 (Posted 2010-07-01)

New Monetarist Economics: Methods

by Stephen Williamson and Randall Wright

This essay articulates the principles and practices of New Monetarism, the authors’ label for a recent body of work on money, banking, payments, and asset markets. They first discuss methodological issues distinguishing their approach from others: New Monetarism has something in common with Old Monetarism, but there are also important differences; it has little in common with Keynesianism.

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