ABSTRACT
With both Monetarist and Keynesian economic theory so closely bound up with employment levels and inflation, the contrast between the two models is here given thorough examination in light of real post-war data. Following the development of Monetarism as a reaction against Keynesian analysis, Drobny focuses on the importance of relative pricing wit
TABLE OF CONTENTS
part |2 pages
Part One THE IMPORTANCE OF RELATIVE PRICES IN COMPETING MACROECONOMIC THEORIES
part |2 pages
Part Two ALTERNATIVE VIEWS OF THE AGGREGATE DEMAND FOR LABOUR SCHEDULE
part |2 pages
Part Three GRANGER-CAUSALITY TESTS WITH DATA FROM THE MANUFACTURING SECTOR OF THE UK