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Author:Friedman, Benjamin M. 

Working Paper
Money, income, prices and interest rates after the 1980s

Working Paper Series, Macroeconomic Issues , Paper 90-11

Working Paper
Why does the paper-bill spread predict real economic activity?

Working Paper Series, Macroeconomic Issues , Paper 91-16

Journal Article
Commentary on Is inflation targeting best-practice monetary policy?

Review , Volume 86 , Issue Jul

Conference Paper
The role of judgment and discretion in the conduct of monetary policy: consequences of changing financial markets

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Money, credit, and Federal Reserve Policy : reply to Porter and Offenbacher

An abstract for this article is not available.
Economic Review , Volume 69 , Issue Nov , Pages 30-33

Working Paper
Economic activity and the short-term credit markets: an analysis of prices and quantities

Working Paper Series, Macroeconomic Issues , Paper 93-17

Conference Paper
How does it matter? Commentary: whatever happened to contracyclical policy?

Proceedings

Discussion Paper
Regulation Q and the commercial loan market in the 1960's

Staff Studies , Paper 73

Journal Article
What remains from the Volcker experiment?

Review , Volume 87 , Issue Mar , Pages 323-328

Working Paper
A price target for U.S. monetary policy? Lessons from the experience with money growth targets

The cutting edge of recent efforts to reshape monetary policy in many countries has been to impose a price target on the central bank. This paper examines such a policy in light of the Federal Reserve System's experience with money targeting from the late 1970s through the mid 1980s. The empirical analysis documents the Federal Reserve's initial use and subsequent disregard of money growth targets, and shows that abandoning these targets was a sensible response to the changing mix of shocks affecting the U.S. economy -- specifically, an increase in the relative volatility of money demand ...
Working Paper Series, Macroeconomic Issues , Paper WP-96-14

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