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At the HES 1998 Conference in Montreal Joerg Bibow presented a paper on 
this subject: "Central Bank Independence from a Historical Perspective: An 
Analysis of the Monetary Thought of Maynard Keynes and Milton Friedman".  I 
remember him saying that he started research on this subject because he was 
struck by the fact that neither Friedman nor Keynes would have supported 
central bank independence which was the cornerstone for the construction of 
the ECB.  I have not seen the paper published yet, it might be under review 
somewhere. 
 
Thomas Moser 
 
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