The lack of long-term and joined-up strategy to end homelessness from the Government is being thrown into sharp relief by the ...

To try to explain what Adam Curtis’s latest documentary series is about is like trying to build an igloo out of jelly. In one ...

Contextualising Stanley Fischer Fischer was instrumental in bringing about a synthesis between monetarism and Keynesianism By Madan Sabnavis ...

Monetarism’s demerits very much inform the discussion of Paul Volcker. To this day, conservatives claim that by fiddling with the so-called “Fed funds rate,” Volcker arrested inflation.

Photograph by William Meyers Schwartz at her Fifth Avenue office A nna Schwartz must be the oldest active revolutionary on earth. Born in 1915 in New York, she can still be found nearly every day at ...

Inside Thatcher’s Monetarism Experiment: The Promise, the Failure, the Legacy by Tim Lankester Policy Press £19.99, 228 pages Giles Wilkes, a former adviser in Downing Street, is now senior ...

Where it becomes entertaining is that Harvard economist Jason Furman recently observed in an opinion piece for the Wall Street Journal that “The expectations-augmented Phillips curve has been ...

Monetarism builds on the Keynesian theory by assuming the same macroeconomic framework and integrating the equation of exchange (with V swinging cyclically, as Keynes argued), but instead focuses ...

Slowly, monetarism fell off the political agenda. Exchange-rate targeting became the dominant policy in trying to control inflation before policymakers eventually settled on a direct inflation target.