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Anna Schwartz dies at 96; economist, expert on monetary policy
Anna Schwartz dies at 96; economist, expert on monetary policy

Anna Schwartz, an economist and coauthor with Milton Friedman of a book on monetary policy that shaped the views of central bankers including Federal Reserve ChairmanBen S. Bernanke, has died. She was 96. Schwartz died Thursday at her home in Manhattan after a long illness, said her daughter Naomi Pasachoff. The first book that Schwartz wrote with Friedman, "A Monetary History of the United States, 1867-1960," had "critical influence" on the outlook "of a generation of policymakers," Bernanke said in 2003, when he was a Fed governor. Published in 1963, the book advanced the idea that the Great Depression had been triggered by the central bank's reduction...

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