Replication data for: Not Just the Great Contraction: Friedman and Schwartz's A Monetary History of the United States 1867 to 1960

Principal Investigator(s): View help for Principal Investigator(s) Michael D. Bordo; Hugh Rockoff

Name	File Type	Size	Last Modified
P2013_0727_data.pdf	application/pdf	43.9 KB	10/11/2019 02:39:PM
ReadMe_Bordo_Rockoff.pdf	application/pdf	58.5 KB	10/11/2019 02:39:PM

Project Description

Summary: Milton Friedman and Anna J. Schwartz published A Monetary History of the United States: 1867 to 1960 with Princeton University Press in 1963, to critical acclaim. Since then the book's reputation has grown and it clearly has become one of the most influential volumes in economics in the twentieth century. In this paper we document the extraordinary impact of A Monetary History and argue that the key to this success was the use of the "narrative approach" to the problem of identifying the effects of monetary policy on economic activity.

Scope of Project

JEL Classification:
      B31 History of Economic Thought: Individuals
      E32 Business Fluctuations; Cycles
      E44 Financial Markets and the Macroeconomy
      E52 Monetary Policy
      E58 Central Banks and Their Policies
      N11 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: Pre-1913
      N12 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: 1913-

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V1 [2019-10-11]

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