The Monetarist Controversy

The book features a significant discussion on economic policies, highlighting a seminar led by Prof. Franco Modigliani at the Federal Reserve Bank of San Francisco in January 1977. It includes Modigliani's lecture on the monetarist controversy and stabilization policies, alongside a response from Nobel Laureate Milton Friedman. The content encapsulates their dialogue and a broader floor discussion, enriched by an appendix containing Modigliani's AEA Presidential Address. Dr. Michael W. Keran chaired this notable event, providing a scholarly context to the debates in economics.