| Description |
1 online resource. |
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text file |
| Series |
Hoover Institution Press publication ; no. 704
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Hoover Institution Press publication ; 704.
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| Note |
Consists chiefly of papers presented at a conference held January 4, 2018 in Philadelphia, Pennsylvania. |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Making the rules and breaking the mold : Allan Meltzer, 1928-2017 / John Taylor -- Allan Meltzer and the history of the Federal Reserve / Michael D. Bordo -- Allan Meltzer : how he underestimated his own contribution to the modern concept of a central bank / Robert L. Hetzel -- "They profess to fear that for which they dare not hope" : how the Fed contributed to the Great Depression and the Great Recession by boosting banks' demand for reserves / George Selgin -- Allan Meltzer's model of the transmission mechanism and its implications for today / Peter N. Ireland -- The monetary base in Allan Meltzer's analytical framework / Edward Nelson -- Monetary policy and the interest rate : reflections on Allan Meltzer's contributions to monetary economics / Joshua R. Hendrickson -- Allan Meltzer and the search for a nominal anchor / James Bullard -- The Meltzer Commission / Gerald P. O'Driscoll Jr. -- Memories of Allan H. Meltzer / Robert Lucas -- Allan Meltzer's contributions to public policy thought as applied to the Federal Reserve / Charles Plosser -- Macro musings : Allan Meltzer / Allan Meltzer and David Beckworth |
| Summary |
"Allan H. Meltzer (1928-2017), a leading monetary economist of the twentieth century, is memorialized in eleven essays by prominent economists. Among his achievements, Meltzer transformed the field of central banking and dissected the economic disasters of the 1930s and the first decade of the 2000s as well as the recovery from high inflation in the early 1980s. The first chapters focus on his landmark A History of the Federal Reserve, 1913-1986, explaining that the Fed's biggest successes are tied to its adherence to classical monetary theory and also examining the monetarist counterrevolution. Next, the book turns to the monetary transmission mechanism and his close work with Karl Brunner on the Brunner-Meltzer Model; it argues that Meltzer's understanding of monetary economics could be used to measure the impact of the Fed's activities. Finally, Meltzer's contributions to public policy are examined, including his proposed reforms to the International Monetary Fund and his activities at the Carnegie Mellon Graduate School of Industrial Administration. The conference papers that compose this volume celebrate Meltzer's fifty-year career at Carnegie Mellon. The book ends with a transcribed interview, conducted a few months before his death, in which he shares sharp-witted insights about economics and his legacy"-- Provided by publisher. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Meltzer, Allan H. -- Congresses.
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Meltzer, Allan H. |
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Economists -- United States -- Congresses.
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Economists. |
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United States. |
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Money -- United States -- Congresses.
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Money. |
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Monetary policy -- United States -- Congresses.
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Monetary policy. |
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Monetary policy -- Congresses.
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| Genre/Form |
Electronic books.
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Conference papers and proceedings.
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Conference papers and proceedings.
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| Added Author |
Beckworth, David M., editor.
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| Other Form: |
Print version: Reflections on Allan H. Meltzer's contributions to monetary economics and public policy. Stanford, California : Hoover Institution Press, Stanford University, 2019 9780817923051 (DLC) 2019026085 |
| ISBN |
081792308X |
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9780817923068 (epub) |
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0817923063 |
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9780817923075 (mobi) |
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0817923071 |
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9780817923082 (electronic book) |
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9780817923051 (paperback) |
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0817923055 |
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