James Tobin, Edmund S. Phelps, William Poole, Martin Feldstein, Hendrik Houthakker, Franco Modigliani, Patric Hendershott, Benjamin Friedman, George Perry, James Duesenberry, William Fellner, Robert Gordon, William Branson, Martin Baily, William Nordhaus, Stabilization Policy Ten Years After, Brookings Papers on Economic Activity, Vol. 1980, No. 1, Tenth Anniversary Issue (1980), pp. 19-89
No takes yet. Share an insight, caveat, or question.
Tobin et al. (1980) studied this question.