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Eine keynesianische Erklärung für Friedmans „monetaristische“ Beobachtungen

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Lachmann, W. Eine keynesianische Erklärung für Friedmans „monetaristische“ Beobachtungen. Credit and Capital Markets – Kredit und Kapital, 10(4), 516-524. https://doi.org/10.3790/ccm.10.4.516
Lachmann, Werner "Eine keynesianische Erklärung für Friedmans „monetaristische“ Beobachtungen" Credit and Capital Markets – Kredit und Kapital 10.4, 1977, 516-524. https://doi.org/10.3790/ccm.10.4.516
Lachmann, Werner (1977): Eine keynesianische Erklärung für Friedmans „monetaristische“ Beobachtungen, in: Credit and Capital Markets – Kredit und Kapital, vol. 10, iss. 4, 516-524, [online] https://doi.org/10.3790/ccm.10.4.516

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Eine keynesianische Erklärung für Friedmans „monetaristische“ Beobachtungen

Lachmann, Werner

Credit and Capital Markets – Kredit und Kapital, Vol. 10 (1977), Iss. 4 : pp. 516–524

1 Citations (CrossRef)

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Lachmann, Werner

Cited By

  1. Inflationsgefahr durch Überschreiten von Geldmengenzielen?

    Menkhoff, Lukas

    Credit and Capital Markets – Kredit und Kapital, Vol. 21 (1988), Iss. 4 P.513

    https://doi.org/10.3790/ccm.21.4.513 [Citations: 0]

Abstract

A Keynesian Explanation of Friedman’s “Monetaristic” Observations

The object of this study is to explain Milton Friedman’s empirical observations, which, with the help of his new approach to the quantity theory, resulted in a “monetaristic-counterrevolution” in macro-theory, by means of a theory of Keynesian orientation. This is done with the help of the fourth money-holding motive, Keynes’ business motive. I£f the central bank pursues a policy of levelling interest rates, with the help of the business motive it is possible to show that changes in the quantity of money precede the changes in real magnitudes. The changes in real magnitudes are foreshadowed, so to speak, by the changes in money magnitudes. Contrary to the monetarists’ view, the empirical data do not contradict the Keynesian theory, but in fact corroborate it.