Post War Trends in Monetary Theory and Policy

absolute liquidity preference analysis ask what determines balance of payments CENTER OF ECONOMIC central bankers today central banks changes in interest co-operation among central concern countries cred credit policy demand for money drachmas ECONOMIC RESEARCH LECTURE economists effect emphasis on money etary expected rate expenditures Federal Reserve field of monetary field of policy form of money gold standard i.e. policy ical important income Keynes low interest rates ment MILTON FRIEDMAN Professor mone monetary policy monetary theory POLICY By MILTON POST WAR TRENDS problem process of adjustment qualitative controls quantity of money quantity theory rate of interest rate of return re-emphasis real bills doctrine real property RESEARCH LECTURE SERIES RESEARCH The Center role of money smoothing minor stock of money tary policy theorist THEORY AND POLICY theory of money tional balance TRENDS IN MONETARY trol U.S. today University of California variables want to hold