WorldCat Identities

Friedman, Benjamin M.

Works: 234 works in 1,231 publications in 3 languages and 22,177 library holdings
Genres: Conference papers and proceedings  Terminology  Handbooks and manuals 
Roles: Author, Editor, Author of introduction, Other, Honoree
Publication Timeline
Most widely held works about Benjamin M Friedman
Most widely held works by Benjamin M Friedman
Should the United States privatize Social Security? by Henry J Aaron( )

18 editions published between 1999 and 2016 in English and held by 2,332 WorldCat member libraries worldwide

The two papers that make up the core of this book address a fundamental question in the current debate over Social Security, whether to shift, in part or entirely, from today's pay-as-you-go system to one in which individuals retain control over the investment of their funds and therefore personally bear the associated risk. John Shoven argues yes, Henry Aaron no
Offshoring of American jobs : what response from U.S. economic policy? by Jagdish N Bhagwati( )

15 editions published in 2009 in English and held by 1,892 WorldCat member libraries worldwide

Offers perspectives on how the outsourcing of labor and the shifting of jobs to lower-wage countries affect the U.S. economy
Reforming U.S. financial markets : reflections before and beyond Dodd-Frank by Randy Kroszner( )

20 editions published between 2011 and 2013 in English and Italian and held by 1,779 WorldCat member libraries worldwide

Papers and discussions presented at the fifth Alvin Hansen Symposium on Public Policy, held at Harvard University on April 30, 2009
Inequality in America : what role for human capital policies? by James J Heckman( )

17 editions published between 2002 and 2005 in English and held by 1,655 WorldCat member libraries worldwide

"Inequality in America What Role for Human Capital Polices? examines the ways in which human capital policies can address this important problem. Taking it as a given that potentially low-income workers would benefit from more human capital in the form of market skills and education, James Heckman and Alan Krueger discuss which policies would be most effective in providing it. Should we devote more resources to the entire public school system or to specialized programs like Head Start? Would relaxing credit restraints encourage more students to attend college? Does vocational training actually work? What is the best balance of private and public sector programs?"--Jacket
The moral consequences of economic growth by Benjamin M Friedman( Book )

32 editions published between 2005 and 2013 in English and held by 1,609 WorldCat member libraries worldwide

""Are we right," Benjamin M. Friedman asks, "to care so much about economic growth as we clearly do?" To answer, Friedman reaches beyond economics. He examines the political and social histories of the large Western democracies - particularly of the United States since the Civil War - distinguishing times of generally rising living standards from those of pervasive stagnation to illustrate how rising incomes render a society more open and democratic. He shows, too, how our attitudes toward economic growth and its consequences have roots in the thinking of prior centuries, especially the Enlightenment, and also include significant strands of religious influence." "Friedman also delineates the role of economic growth in determining which developing nations extend the broadest freedoms to their citizenry. He makes clear that growth, rather than just the level of living standards, is key to effecting political and social liberalization in the third world. But he also warns that the democratic values of countries even as wealthy as our own are at risk whenever incomes stagnate for extended periods. Merely being rich is no protection against a society's retreat into rigidity and intolerance once enough of its citizens lose the sense that they are getting ahead." "Finally, Friedman shows us why, if America is to strengthen democratic institutions around the world as a bulwark against terrorism and social unrest, we must aggressively pursue growth at home and promote worldwide economic expansion beyond what purely market-driven forces would create. And for the United States, he offers concrete suggestions for policy steps to achieve those objectives."--Jacket
Day of reckoning : the consequences of American economic policy under Reagan and after by Benjamin M Friedman( Book )

23 editions published between 1988 and 1989 in English and held by 1,528 WorldCat member libraries worldwide

Analyzes the long term consequences of the American economic policy under the Reagan administration
Handbook of monetary economics by Benjamin M Friedman( Book )

70 editions published between 1986 and 2011 in English and held by 1,244 WorldCat member libraries worldwide

Due to the fundamental two-way interaction between the theoretical and the empirical aspects of monetary economics, together with the relationship of both to matters of public policy, any organization of material comprehensively spanning the subject is bound to be arbitrary. The 23 surveys commissioned for this Handbook have been arranged in a way that the editors feel reflects some of the most important logical divisions within the field and together they present a comprehensive account of the current state of the art. The Handbook is an indispensable reference work which should be part of every professional collection, and which makes ideal supplementary reading for graduate economics students on advanced courses
Corporate capital structures in the United States( )

13 editions published between 1985 and 2009 in English and held by 1,158 WorldCat member libraries worldwide

Papers presented at a conference held at Palm Beach, Fla., Jan. 6-7, 1983, sponsored by the National Bureau of Economic Research. Includes bibliographies and indexes. Secular patterns in the financing of U.S. corporations / Robert A. Taggart, Jr. -- Changes in the balance sheet of the U.S. manufacturing sector, 1926-1977 / John H. Ciccolo, Jr. and Christopher F. Baum -- Debt and equity yields, 1926-1980 / Patric H. Hendershott and Roger D. Huang -- Inflation and the role of bonds in investor portfolios / Zvi Bodie, Alex Kane, and Robert McDonald -- The substitutability of debt and equity securities / Benjamin M. Friedman -- Contingent claims valuation of corporate liabilities / E. Philip Jones, Scott P. Mason, and Eric Rosenfeld -- Capital structure change and decreases in stockholders' wealth / Wayne H. Mikkelson -- Real determinants of corporate leverage / Alan J. Auerbach -- Investment patterns and financial leverage / Michael S. Long and Ileen B. Malitz -- Capital structure and the corporation's product market environment / A. Michael Spence
Financing corporate capital formation by Benjamin M Friedman( )

18 editions published between 1986 and 2007 in English and Undetermined and held by 1,037 WorldCat member libraries worldwide

Six leading economists examine the financing of corporate capital formation in the U.S. economy. In clear and nontechnical terms, their papers provide valuable information for economists and nonspecialists interested in such questions as why interest rates are so high, why corporate debt has accelerated in recent years, and how government debt affects private financial markets. Addressing these questions, the contributors focus chiefly on three themes: the actual use of debt and equity financing by corporations in recent years; the factors that drive the financial markets' pricing of debt and
The Changing roles of debt and equity in financing U.S. capital formation by Benjamin M Friedman( Book )

21 editions published between 1962 and 1987 in English and held by 944 WorldCat member libraries worldwide

New challenges to the role of profit by Benjamin M Friedman( Book )

26 editions published between 1978 and 1979 in English and held by 616 WorldCat member libraries worldwide

Economic stabilization policy : methods in optimization by Benjamin M Friedman( Book )

16 editions published in 1975 in English and Undetermined and held by 404 WorldCat member libraries worldwide

Background of the fundamental approach; Econometric model; Point linearization; Dynamic policy multipliers; Quadratic obtimization-the level problems of I
Handbook of monetary economics by Benjamin M Friedman( )

44 editions published between 2007 and 2011 in English and Spanish and held by 312 WorldCat member libraries worldwide

How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully atrecent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis Explores the policies and practices used in formulating and transmitting monetary policiesQuestions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years
Does debt management matter? by Jonas Agell( Book )

12 editions published between 1989 and 1992 in English and Undetermined and held by 275 WorldCat member libraries worldwide

"This third volume from the Swedish Trade Union Institute for Economic Research, FIEF, looks at the problems of debt management. In the mid-1970s, after the first oil crisis, many countries began to run larger deficits on government budgets than they had done earlier during the post-war period. This growth of government debt has occurred, concomitantly with a development, liberalization, and sophistication of capital markets. In fact,these latter events have probably been a prerequisite for the growing government indebtedness." "The growth of public debt has stimulated the interest of academic economists. In recent years there has been discussion of the debt burden of underdeveloped countries and the neutrality of total government debt in more advanced economies. However, the possible effects of the management of a given debt on real capital formation via portfolio crowding-out or crowding-in has been relatively neglected. This is why this volume is fully devoted to the subject of how debt management influences the financial sector and elements of the 'real' economy such as output, capital formation, and consumption."--BOOK JACKET
Indicator properties of the paper-bill spread : lessons from recent experience by Benjamin M Friedman( Book )

14 editions published between 1994 and 1995 in English and held by 105 WorldCat member libraries worldwide

A feature of U.S. post-war business cycle experience that is by now widely documented is the tendency of the spread between the respective interest rates on commercial paper and Treasury bills to widen shortly before the onset of recessions. By contrast, the paper- bill spread did not anticipate the 1990-91 recession. Empirical work presented in this paper supports two (not mutually exclusive) explanations for this departure from past experience. First, at least part of the paper-bill spread's predictive content with respect to business cycle fluctuations stems from its role as an indicator of monetary policy, but the 1990-91 recession was unusual in post-war U.S. experience in not being immediately precipitated by tight monetary policy. Second, movements of the spread during the few years just prior to the 1990-91 recession were strongly influenced by changes in the relative quantities of commercial paper, bank CDs and Treasury bills that occurred for reasons unrelated to the business cycle. This latter finding in particular sheds light on the important role of imperfect substitutability of different short-term debt instruments in investors portfolios, and highlights the burdens associated with using relative interest rate relationships as business cycle indicators
The rise and fall of money growth targets as guidelines for U.S. monetary policy by Benjamin M Friedman( Book )

22 editions published between 1996 and 1998 in English and held by 104 WorldCat member libraries worldwide

A familiar question raised by the Federal Reserve System's evolving use of money growth targets over the past twenty years is whether monetary policymakers had sound economic reasons for changing their procedures as they did -- either in adopting money growth targets in the first place, or in subsequently abandoning them, or in both instances. This paper addresses that question by comparing two kinds of evidence based on U.S. time-series data: first, evidence bearing on what Federal Reserve policymakers should have known about the relationship of money to income and prices, and when they should have known it; and second, evidence showing how and when the Federal Reserve changed its actual (as opposed to stated) reliance on money growth targets. The main conclusion from this comparison is that whatever economic conditions might have warranted reliance on money growth targets in the 1970s and early 1980s had long disappeared by the 1990s, so that abandoning these targets was an appropriate response to changing circumstances. Whether adopting money growth targets earlier on was likewise appropriate is less clear
What have we learned from the Reagan deficits and their disappearance? by Benjamin M Friedman( Book )

14 editions published in 2000 in English and held by 101 WorldCat member libraries worldwide

This paper looks again at the U.S. deficit debate of the 1980s, this time with the benefit of the Commerce Department's newly revised data for that period and also in light of the experience of the 1990s when sizeable budget surpluses replaced chronic large deficits. The familiar conclusion that sustained government deficits at full employment depress private capital formation has stood up well in both regards. By contrast, the more recent experience in particular has sharply contradicted any simple notion that the government balance and the current account balance move in parallel. Other relevant issues include the equilibrium (that is, noninflationary) unemployment rate, the response of private saving to government dissaving, and the role of debt and equity in financing private capital formation
The future of monetary policy : the central bank as an army with only a signal corps? by Benjamin M Friedman( Book )

13 editions published in 1999 in English and held by 100 WorldCat member libraries worldwide

The influence of monetary policy over interest rates, and via interest rates over nonfinancial economic activity, stems from the central bank's role as a monopolist over the supply of bank reserves. Several trends already visible in the financial markets of many countries today threaten to weaken or even undermine the relevance of that monopoly, and with it the efficacy of monetary policy. These developments include the erosion of the demand for bank-issued money, the proliferation of nonbank credit, and aspects of the operation of bank clearing mechanisms. What to make of these threats from a public policy perspective in particular, whether to undertake potentially aggressive regulatory measures in an effort to forestall them depends in large part on one's view of the contribution of monetary policy toward successful economic performance
The use and meaning of words in central banking : inflation targeting, credibility, and transparency by Benjamin M Friedman( Book )

13 editions published in 2002 in English and held by 99 WorldCat member libraries worldwide

Inflation targeting offers the promise of introducing to monetary policy a logic and consistency that some central banks' deliberations sorely missed in the past. At least in today's inherited monetary policymaking context, however, inflation targeting also serves two further objectives that are of more questionable import, and while seemingly contradictory, the two are ultimately related: By forcing participants in the monetary policy debate to conduct the discussion in a vocabulary pertaining solely to inflation, inflation targeting fosters over time the atrophication of concerns for real outcomes. In the meanwhile, inflation targeting hides from public view whatever concerns for real outcomes policymakers do maintain. Both objectives are understandable. Whether either is desirable on economic grounds is an open question. Neither is very consistent with the role of monetary policy in a democracy
Decoupling at the margin : the threat to monetary policy from the electronic revolution in banking by Benjamin M Friedman( Book )

14 editions published in 2000 in English and held by 97 WorldCat member libraries worldwide

The threat to monetary policy from the electronic revolution in banking is the possibility of a decoupling' of the operations of the central bank from markets in which financial claims are created and transacted in ways that, at some operative margin, affect the decisions of households and firms on such matters as how much to spend (and on what), how much (and what) to produce, and what to pay or charge for ordinary goods and services. The object of this paper is to discuss how this possibility arises and what it implies, to dismiss as unessential to the argument various extreme characterizations that have arisen in the recent debate on this issue (for example, that no one will use money for ordinary economic transactions), and to address the specific arguments on the issue offered by Charles Goodhart, Charles Freedman and Michael Woodford
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The moral consequences of economic growth
Offshoring of American jobs : what response from U.S. economic policy?Reforming U.S. financial markets : reflections before and beyond Dodd-FrankInequality in America : what role for human capital policies?The moral consequences of economic growthHandbook of monetary economicsCorporate capital structures in the United StatesFinancing corporate capital formationThe Changing roles of debt and equity in financing U.S. capital formationHandbook of monetary economics
Alternative Names
Benjamin Friedman

Benjamin Friedman economista statunitense

Benjamin M. Friedman American economist

Benjamin M. Friedman Amerikaans econoom

Benjamin M. Friedman amerikansk ekonom

Benjamin M. Friedman amerikansk økonom

Benjamin M. Friedman economista estadounidense

Benjamin M. Friedman économiste américain

Benjamin M. Friedman US-amerikanischer Ökonom

Benjamin Morton Friedman

Friedman, B.

Friedman, Ben 1944-

Friedman, Benjamin 1944-

Friedman, Benjamin L.

Friedman, Benjamin Morton.

Friedman, Benjamin Morton 1944-

Фридмен, Бенджамин

بنجامین ام. فریدمن اقتصاددان آمریکایی

프리드만, 벤자민

프리드먼, 벤저민 M

フリードマン, ベンジャミン・M


English (430)

Spanish (1)

Italian (1)