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Seven Fallacies Concerning Milton Friedman's 'The Role of Monetary Policy'

https://doi.org/10.2139/ssrn.3123893
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29/29 checkable references clean · checked 2026-08-27

Every reference with a DOI in the deposited reference list resolved to a known work in Crossref or DataCite at the dated check, and none carried a retraction, withdrawal, or removal notice.

42 without a DOI — not checked. A reference deposited without a DOI is never matched by title or guessed at; it stays outside the checked set, and this line discloses that.

The 29 checked references that resolve
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What Did We Learn from the Monetary Experience of the United States in the Great Depression?
resolves10.25291/vr/3-vr-334
R v GEC
resolves10.1257/jep.32.3.113
On DSGE Models
resolves10.1086/696050
Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound
resolves10.2307/1058783
Keynes' Economic Legacy: Contemporary Economic Theories
resolves10.1353/eca.2003.0010
Zero Bound on Interest Rates and Optimal Monetary Policy
resolves10.1057/978-1-349-95121-5
The New Palgrave Dictionary of Economics
resolves10.2307/1991310
Controls on Interest Rates Paid by Banks
resolves10.1016/0014-4983(86)90013-6
The failure of the bank of United States: A reappraisal
resolves10.1057/9780230379152_10
The Objectives for, and Conduct of, Monetary Policy in the 1990s (1992)
resolves10.1016/0304-3932(76)90033-7
Recent developments in the theory of inflation and unemployment
resolves10.1257/jep.32.1.121
Short-Run and Long-Run Effects of Milton Friedman's Presidential Address
resolves10.1111/1467-937x.00269
Optimal Monetary Policy
resolves10.17016/feds.2018.004
Quantitative Easing and the “New Normal” in Monetary Policy
resolves10.20955/r.72.49-64
The Legacy of the Monetarist Controversy
resolves10.1162/003465303772815934
Measuring the Natural Rate of Interest
resolves10.1257/jep.32.1.81
Friedman's Presidential Address in the Evolution of Macroeconomic Thought
resolves10.1016/0304-3932(86)90009-7
Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine
resolves10.3386/w2156
The Development of Keynesian Macroeconomics
resolves10.1007/978-1-349-24002-9_21
The Monetarist Controversy, or, Should we Forsake Stabilization Policies?
resolves10.3386/w13546
The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's "Who Was Milton Friedman?"
resolves10.2307/2552025
Phillips Curves, Expectations of Inflation and Optimal Unemployment over Time
resolves10.2307/2550759
The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957
resolves10.1086/294802
An Incomes Policy for the United States?
resolves10.2307/2297284
Monopolistic Price Adjustment and Aggregate Output
resolves10.1016/s0304-3932(01)00111-8
Prices and unit labor costs: a new test of price stickiness
resolves10.1086/262069
Chicago, Harvard, and the Doctrinal Foundations of Monetary Economics
resolves10.2307/2231692
The Monetarist Counter-Revolution Today-An Appraisal
resolves10.1007/bf01215377
Monetary policy and price level determinacy in a cash-in-advance economy
The 42 references without a DOI — listed, not checked
no DOI — not checkedref1
no DOI — not checkedref2
no DOI — not checkedWhy So Low For So Long? A Long-Term View of Real Interest Rates
no DOI — not checkedref8
no DOI — not checkedCorrect Predictions and the Status of Economists
no DOI — not checkedWages, Prices and Unemployment a Quarter of a Century After the Phillips Curve
no DOI — not checkedref12
no DOI — not checkedref14
no DOI — not checkedref16
no DOI — not checkedThe Case for Flexible Exchange Rates
no DOI — not checkedref18
no DOI — not checkedref19
no DOI — not checkedThe Case Against the Case Against the Guideposts
no DOI — not checkedThe Role of Monetary Policy
no DOI — not checkedref22
no DOI — not checkedUnemployment and Monetary Growth
no DOI — not checkedReprinted in Milton Friedman, Bright Promises, Dismal Performance: An Economist's Protest
no DOI — not checkedDiscussion of 'The Monetarist Controversy
no DOI — not checkedJapan and Inflation
no DOI — not checkedref28
no DOI — not checkedThe Relative Stability of Monetary Velocity and the Investment Multiplier in the United States, 1897?1958
no DOI — not checkedref30
no DOI — not checkedref31
no DOI — not checkedref33
no DOI — not checkedref34
no DOI — not checkedref38
no DOI — not checkedUnemployment Levels
no DOI — not checkedref40
no DOI — not checkedThe New Monetarism
no DOI — not checkedThe Phillips Curve and U.S. Macroeconomic Policy: Snapshots
no DOI — not checkedWho Was Milton Friedman?
no DOI — not checkedref51
no DOI — not checkedref53
no DOI — not checkedAnalytical Aspects of Anti-Inflation Policy
no DOI — not checkedCommentary: The Evolution of Economic Understanding and Postwar Stabilization Policy
no DOI — not checkedref62
no DOI — not checkedref63
no DOI — not checkedThe Recent Acceleration of Inflation and Its Lessons for the Future
no DOI — not checkedModeling Inflation After the Crisis
no DOI — not checkedWhat Have Economists Learned About Monetary Policy Over the Past 50 Years
no DOI — not checkedref70
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