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“Adaptive Expectations” of Milton Friedman and Monetarists and Phillips Curve; And the Comparison of them with Other Macroeconomic Schools
GSTF Journal on Business Review
View Archive Info| Field | Value | |
| Title |
“Adaptive Expectations” of Milton Friedman and Monetarists and Phillips Curve; And the Comparison of them with Other Macroeconomic Schools
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| Creator |
Birol, Assist Prof. Özlen Hiç
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| Description |
The focus of this article is the “adaptive expectationshypothesis” of Milton Friedman and his analysis of short-run andlong-run Phillips Curve. In order to analyze these contributionsof M. Friedman more clearly, discussions about the PhillipsCurve and different views about this issue according to variousmacroeconomic schools and information about the evolution ofthe Phillips Curve Analysis are given. In this sense, apart fromMilton Friedman and Monetarists, Phillips Curve was analyzedin a successive order compatible with the history of discussionwithin Keynes and Keynesian economics, New KeynesianEconomics and New Classical School operating with “rationalexpectations hypothesis”. |
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| Publisher |
GSTF Journal on Business Review (GBR)
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| Date |
2017-12-28
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://dl6.globalstf.org/index.php/gbr/article/view/774
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| Source |
GSTF Journal on Business Review (GBR); Vol 3 No 1 (2013): Journal on Business Review (GBR)
2251-2888 2251-2888 |
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| Language |
eng
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| Relation |
http://dl6.globalstf.org/index.php/gbr/article/view/774/716
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| Rights |
Copyright (c) 2013 GSTF Journal on Business Review (GBR)
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