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Questions tagged [friedman]

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Difference between IS curve viewed by Keynes and by Friedman

In my economics lectures, we are going through Keynes vs Friedman. As far as I got we have a downward sloping IS curve in the IS-LM model. We get this curve from the Keynesian cross when the rate of ...
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What is the rationale behind David Friedman’s division of countries?

David Friedman stated, on multiple occasions, he’s wary seeing Europe become one single country. Similarly, he’d much rather have the US divided into more independent societies. What is ther ...
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1answer
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Why Certainity Eqivalence in PIH only holds for quadratic utilities

In my current macro economics course, it has been stated that there is certainty equivalence in the random walk permanent income hypothesis ("which implies individuals act as if future consumption was ...
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142 views

Friedman rule vs Friedman's k-percent rule

Friedman has stated in his "k-precent rule" that the money supply should increase by a fixed percentage each year. On the other hand, the "Friedman rule" states that the nominal interest rate should ...
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0answers
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Why in some models the Friedman rule is not optimal?

I want to know why in some models the Friedman rule stops being optimal. For example, in some models like MIU or CIA, where usually you don't have leisure, the Friedman rule is optimal. But in other ...
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355 views

What was Milton Friedman's opinion of Supply-side economics?

I realize Friedman was a part of the Reagan Administration, so even if he disapproved of supply-side, he may have moderated his remarks, but what kind of things did he say about it, and what can be ...
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558 views

Inflation, cause or result of monetary emission?

The argentine economist Fernanda Vallejos, while trying to protect the government because of the inflation, the following: Inflation is not the result but the cause of monetary emission. As there'...
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Friedman k% applied to cryptocurrency

Follow on to this question: Would a cryptocurrency with a base that expanded at a fix rate face fewer difficulties than one with a stagnant base? Edit: I'm referring specifically to the issues ...