The connection between monetary policy and economic performance is welldocumented from "summary" of A Monetary History of the United States, 1867-1960 by Milton Friedman,Anna Jacobson Schwartz
The relationship between monetary policy and economic performance has been extensively studied and analyzed over the years. The impact of monetary policy on the economy is a central theme in understanding the fluctuations and trends in economic activity. In "A Monetary History of the United States, 1867-1960," Friedman and Schwartz delve into the historical data to show how changes in the money supply have influenced economic outcomes. By examining various episodes in American history, they demonstrate how the Federal Reserve's decisions on interest rates and money creation have had profound effects on inflation, output,...
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