The Monetarist Controversy: A Seminar Discussion - Paperback

by Franco Modigliani (Author), Milton Friedman (Author)

At the January 1977 meeting of its monthly Economic Seminar series, the Federal Reserve Bank of San Francisco was honored to present Prof. Franco Modigliani, Immediate Past President of the American Economic Association. In his paper, Prof. Modigliani developed some of the themes which he had first covered last September in his AEA Presidential Address, gThe Monetarist Controversy"YOr, Should We Forsake Stabilization Policies? h The Bank was doubly fortunate to obtain, as seminar discussant, Nobel Laureate Milton Friedman, who was serving as Visiting Scholar at this institution during the winter term. This supplement to the Bank fs Economic Review contains Prof. Modigliani fs lecture, Prof. Friedman fs reply, the discussion between the two and a floor discussion"Yplus, as an appendix, Prof. Modigliani fs AEA Presidential Address. The seminar was chaired by Dr. Michael W. Keran, Vice President and Director of Research for the Federal Reserve Bank of San Francisco.