Chapters cover the demand for money, predicting velocity, economies of scale, monetary theory and history, the Great Depression, stagflation, unemployment, the permanence of economic shocks, and more.
Allan H. Meltzer is a visiting scholar at AEI.
Table of Contents
Introduction
The Demand for Money: The Evidence from the Time Series
Predicting Velocity: Implications for Theory and Policy
Economies of Scale in Cash Balances Reconsidered
Monetary Theory and Monetary History
What Did We Learn from the Monetary Experience of the United States in the Great Depression?
Monetary and Other Explanations of the Start of the Great Depression
Stagflation, Persistent Unemployment and the Permanence of Economic Shocks
Stability under the Gold Standard in Practice
Mercantile Credit, Monetary Policy, and Size of Firms
Money and Credit in the Monetary Transmission Process
Credit Availability and Economic Decisions: Some Evidence from the Mortgage and Housing Markets
Financial Failures and Financial Policies
On Efficiency and Regulation of the Securities Industry
Rational Expectations, Risk, Uncertainty, and Market Responses
Monetary Reform in an Uncertain Environment
Monetarism and the Crisis in Economics
Limits of Short-Run Stabilization Policy
Real Exchange Rates: Some Evidence from the Postwar Years
Selected Statements of the Shadow Open Market Committee
In Making a Killing: The Deadly Implications of the Counterfeit Drug Trade, AEI resident fellow Roger Bate analyzes the burgeoning international trade in counterfeit drugs and recommends steps that governments and law enforcement agencies could take to stop it.
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