American Economic Association

American Economic AssociationThe Role of monetary PolicyAuthor(s): Milton FriedmanReviewed work(s):Source: The American Economic Review, Vol. 58, No. 1 (Mar., 1968), pp. 1-17 Published by: American Economic AssociationStable URL: .Accessed: 05/02/2013 18:22 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at ..JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact . American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to TheAmerican Economic This content downloaded on Tue, 5 Feb 2013 18:22:41 PMAll use subject to JSTOR Terms and ConditionsU This content downloaded on Tue, 5 Feb 2013 18:22:41 PMAll use subject to JSTOR Terms and ConditionsNumber 69 of a series of photographs of past presidents of the Association .

The American Economic Review Volume LVIII MARCH 1968 Number 1 THE ROLE OF MONETARY POLICY* By MILTON FRIEDMAN** There is wide agreement about the major goals of economic policy:

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