Monetarists believe that the objectives of monetary policy are best met by targeting the growth rate of the money supply. Monetarism gained prominence in the 1970s—bringing down inflation in the ...

And while Melloan in no way glossed over the myriad of errors the federal government made in the 1930s on the way to a sluggish economic decade for the United States, his book was a reminder of two ...

Both Keynesians and monetarists came under scrutiny with the rise of the new classical school during the mid-1970s. The new classical school asserted that policymakers are ineffective because ...

Kristina Sargent joined the Middlebury College Department of Economics in the fall of 2017 after completing her Ph.D. in Economics at the University of Colorado Boulder. She holds a B.A. in ...