IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-11513-6_19.html
   My bibliography  Save this book chapter

A Critical Analysis of Monetarist—Rational Expectation—Supply-side (Incentive) Economics Approach to Accumulation During a Period of Inflationary Expectations

In: Money and Employment

Author

Listed:
  • Louise Davidson

Abstract

David Laidler has written that ‘Like beauty, “monetarism” tends to be in the eye of the beholder’ (Laidler, 1981, p.l). Nevertheless, Laidler indicates that in his view the four key characteristics of monetarism are: (1) a ‘quantity theory’ approach to the demand for money and a belief that ‘fluctuations in the quantity of money are the dominant cause of fluctuations in money income’ (ibid., italics added), (2) a vertical long-run Phillips curve, (3) a monetary approach to the balance of payments, and (4) antipathy to any activist stabilization policy, and support for long-run policy rules for the target level of some monetary aggregate rather than the level of interest rates.

Suggested Citation

  • Louise Davidson, 1990. "A Critical Analysis of Monetarist—Rational Expectation—Supply-side (Incentive) Economics Approach to Accumulation During a Period of Inflationary Expectations," Palgrave Macmillan Books, in: Louise Davidson (ed.), Money and Employment, chapter 18, pages 300-307, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11513-6_19
    DOI: 10.1007/978-1-349-11513-6_19
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-11513-6_19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.