TY  - JOUR
AU  - Bordo,Michael
AU  - Schwartz,Anna J.
TI  - David Laidler on Monetarism
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12593
PY  - 2006
Y2  - October 2006
UR  - http://www.nber.org/papers/w12593
L1  - http://www.nber.org/papers/w12593.pdf
N1  - Author contact info:
Michael D. Bordo
Department of Economics
Rutgers University
New Jersey Hall
75 Hamilton Street
New Brunswick, NJ 08901
Tel: 732/822-7152
Fax: 732/932-7416
E-Mail: bordo@econ.rutgers.edu

Anna J. Schwartz
NBER
365 Fifth Ave, 5th Floor
New York, NY  10016
Tel: 212/817-7957
Fax: 212/817-1597
E-Mail: aschwartz@gc.cuny.edu
AB  - 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.
ER  -