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Mayer, Thomas
Year of Publication: 
Series/Report no.: 
Working Paper No. 03-9
This paper surveys the monetarist position on various aspects of American monetary policy in an informal way and provides the personal reactions of a participant observer in this debate. It emphasizes the intellectual milieu in which monetarism emerged, the background factors that facilitated that emergence, and the relation of monetarism both to ideology and to current thinking about monetary policy. Rather than focus on whether the monetarists were right or wrong, it evaluates some aspects of the effectiveness with which the debate was conducted.
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Working Paper

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