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Rothbard on Fractional Reserve Banking: A Critique
idea fractional-reserve banking Murray Rothbard Rothbard's theory free markets
2011/9/24
In this article the author argues that the idea that fractional-reserve banking is fraudulent, espoused by Murray Rothbard in his book "The Case for a 100 Percent Gold Dollar," is flawed. In the autho...
Assessing the Lucas Critique in Monetary Policy Models
deep parameters Parameter stability Taylor rule
2011/8/21
Empirical estimates of monetary policy rules suggest that the behavior of U.S. monetary policymakers changed during the past few decades. However, for that same time period, statistical analyses of la...