Journal Article On the Effectiveness of Monetary Policy as a Stabilization Device Get access Michael G. Hadjimichalakis Michael G. Hadjimichalakis University of Washington Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 4, October 1973, Pages 561–570, https://doi.org/10.2307/2296589 Published: 01 October 1973