NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

David Laidler on Monetarism

Michael Bordo, Anna J. Schwartz

NBER Working Paper No. 12593
Issued in October 2006
NBER Program(s):   ME

David Laidler has been a major player in the development of the monetarist tradition. As the monetarist approach lost influence on policy makers he kept defending the importance of many of its principles. In this paper we survey and assess the impact on monetary economics of Laidler's work on the demand for money and the quantity theory of money; the transmission mechanism on the link between money and nominal income; the Phillips Curve; the monetary approach to the balance of payments; and monetary policy.

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Acknowledgments

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Document Object Identifier (DOI): 10.3386/w12593

Published: Leeson, Robert (ed.) David Laidler’s Contribution to Macroeconomics. Palgrave McMillan, 2010.

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