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Are Monetarists an Endangered Species? - Review

Dallas S. Batten and Courtenay C. Stone investigate the alleged failure of monetarism. They point out that monetarism can be viewed in two ways: as a scientific theory about the impact of monetary pressures on the economy or as a diverse collection of normative propositions about how fast money should grow or what policy actions should be taken.

research.stlouisfed.org/.../publications/review/1983/05/01/are-monetarists-an-endangered-species/

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