Modigliani, Franco. ?The Monetarist Controversy, or should we forsake Stabilization policies?? American Economics Review

| April 2, 2014

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There are two articles to read. One article name is “The Role of Monetary Policy, by Milton Friedman”. Second article is about “The Monetarist Controversy or, Should we Forsake Stabilization Policies?, by Franco Modigliani”.
You need to read these two articles that I will email them to you.
Reading and summarizing articles:
You are required to (a) read the following two article, (b) summarize the main points of each article, and then, (c) make (i) a comparison between them with regard to policy implications.
The paper should be 3 pages.
1.Modigliani, Franco. ?The Monetarist Controversy, or should we forsake Stabilization policies?? American Economics Review (September, 1968),pp 644-658
2.Milton Friedman. ?The Role of Monetary Policy? Presidential address delivered at the 18th Meeting of the American Economic Association, Washington D.C. December 29, 1967
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