An Introduction to Milton Friedman's The Role of Monetary Policy- A Macat Economics Analysis

Level: beginner
Macat, 2015
Perspectives: Neoclassical Economics, Other
Topic: macroeconomics
Format: Short Film
Duration: 00:03:10
Link: https://www.youtube.com/watch?v=kcqdKv7dbG4

The video gives a short insight into Milton Friedman's article „The Role of Monetary Policy“ (1968) stating that monetary policy does not have long-term effects on growth and employment but rather lead to higher inflation due to adapting expectations.

Tags

expectations growth inflation macroeconomics monetarism monetary policy unemployment
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