Details about Allan H. Meltzer

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Workplace:	Department of Economics, Tepper School of Business Administration, Carnegie Mellon University, (more information at EDIRC)

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Short-id: pme353

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Working Papers

1991

1. Shadow Open Market Committee; Policy Statement and Position Papers
   Working Papers, Rochester, Business - Industry Policy Studies View citations (4)

Undated

2. Learning about Policy from Federal Reserve History
   GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
   See also Journal Article in Cato Journal (2010)
3. Politics and the Fed
   GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
   See also Journal Article in Journal of Monetary Economics (2011)

Journal Articles

2012

1. Federal Reserve Policy in the Great Recession
   Cato Journal, 2012, 32, (2), 255-263
2. The Federal Reserve (almost) 100
   Journal of Macroeconomics, 2012, 34, (3), 626-630
3. The new Lombard Street: how the Fed became the dealer of last resort – By Perry Mehrling
   Economic History Review, 2012, 65, (2), 826-827

2011

4. Politics and the Fed
   Journal of Monetary Economics, 2011, 58, (1), 39-48
   See also Working Paper
5. The IMF returns
   The Review of International Organizations, 2011, 6, (3), 443-452 View citations (2)

2010

6. Learning about Policy from Federal Reserve History
   Cato Journal, 2010, 30, (2), 279-309 View citations (1)
   See also Working Paper

2009

7. Reflections on the Financial Crisis
   Cato Journal, 2009, 29, (1), 25-30 View citations (2)

2008

8. End of the ‘American Century’
   World Economics, 2008, 9, (4), 1-12

2007

9. A Blueprint for IMF Reform: What is Worth Retaining?*
   International Finance, 2007, 10, (2), 177-182

2006

10. From Inflation to More Inflation, Disinflation, and Low Inflation
    American Economic Review, 2006, 96, (2), 185-188 View citations (1)
11. Reply to Anne Krueger
    The Review of International Organizations, 2006, 1, (1), 65-67 View citations (1)
12. Reviving the Bank and Fund
    The Review of International Organizations, 2006, 1, (1), 49-59 View citations (6)

2005

13. A HISTORY OF THE FEDERAL RESERVE
    Macroeconomic Dynamics, 2005, 9, (02), 267-275 View citations (6)
14. Commentary: understanding the Greenspan standard
    Proceedings, 2005, (Aug), 97-105
15. New Mandates for the IMF and World Bank
    Cato Journal, 2005, 25, (1), 13-16
16. Origins of the Great Inflation
    Review, 2005, (Mar), 145-176 View citations (8)

2004

17. A Monetary History as a Model for Historians
    Cato Journal, 2004, 23, (3), 357-360
18. Monetarism Revisited
    World Economics, 2004, 5, (3), 161-164

2003

19. Argentina 2002: A Case of Government Failure
    Cato Journal, 2003, 23, (1), 29-31
20. Blueprint for an international lender of last resort
    Journal of Monetary Economics, 2003, 50, (1), 289-303 View citations (13)
21. Choosing freely: the Friedmans' influence on economic and social policy
    Proceedings, 2003, (Oct), 191-205
22. Leadership and Progress
    World Economics, 2003, 4, (3), 15-26
23. The Future of the IMF and World Bank: Panel Discussion
    American Economic Review, 2003, 93, (2), 45-50 View citations (1)

2002

24. Japan’s Monetary and Economic Policy
    World Economics, 2002, 3, (3), 85-103
25. New International Financial Arrangements
    Monetary and Economic Studies, 2002, 20, (S1), 11-22 View citations (2)

2001

26. Financial collapse: 1933
    Atlantic Economic Journal, 2001, 29, (1), 1-19
27. Monetary Transmission at Low Inflation: Some Clues from Japan in the 1990s
    Monetary and Economic Studies, 2001, 19, (S1), 13-34 View citations (1)
28. Money and monetary policy: an essay in honor of Darryl Francis
    Review, 2001, (Jul), 23-32 View citations (5)

2000

29. Introduction to a symposium on central banks after the European monetary union
    Atlantic Economic Journal, 2000, 28, (3), 295-296
30. Lessons from the early history of the federal reserve
    Atlantic Economic Journal, 2000, 28, (3), 269-278 View citations (1)
31. Monetary Policy in the New Global Economy: The Case of Japan
    Cato Journal, 2000, 20, (1), 69-72
32. Response to Professor Bird
    World Economics, 2000, 1, (3), 31-37
33. The Shadow Open Market Committee: Origins and Operations
    Journal of Financial Services Research, 2000, 18, (2), 119-128 View citations (1)
34. The report of the International Financial Institution Advisory Commission: comments on the critics; reform of the international architecture
    CESifo Forum, 2000, 1, (4), 9-17

1999

35. Commentary: monetary policy at zero inflation
    Proceedings, 1999, 261-276 View citations (11)
36. Recent crises in post-crisis perspective
    Proceedings, 1999, (May), 34-44 View citations (2)

1998

37. Asian Problems and the IMF
    Cato Journal, 1998, 17, (3), 264-274 View citations (9)
38. Monetarism: The issues and the outcome
    Atlantic Economic Journal, 1998, 26, (1), 8-31 View citations (8)

1996

39. Carl Christ
    Carnegie-Rochester Conference Series on Public Policy, 1996, 45, (1), 1-1
40. Introduction to the series
    Carnegie-Rochester Conference Series on Public Policy, 1996, 44, (1), v-v
    Also in Carnegie-Rochester Conference Series on Public Policy, 1976, 3, (1), v (1976)
    Carnegie-Rochester Conference Series on Public Policy, 1976, 1, (1), ii (1976)
    Carnegie-Rochester Conference Series on Public Policy, 1977, 6, (1), v (1977)
    Carnegie-Rochester Conference Series on Public Policy, 1985, 23, (1), v (1985)
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), v (1983)
    Carnegie-Rochester Conference Series on Public Policy, 1987, 27, (1), v (1987)
    Carnegie-Rochester Conference Series on Public Policy, 1986, 25, (1), v (1986)
    Carnegie-Rochester Conference Series on Public Policy, 1978, 8, (1), v (1978)
    Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), v (1984)
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), v (1985)
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), v-v (1995)
    Carnegie-Rochester Conference Series on Public Policy, 1986, 24, (1), v (1986)
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), v (1987)

1995

41. Information, sticky prices and macroeconomic foundations
    Review, 1995, (May), 101-118 View citations (3)
42. Information, sticky prices and macroeconomic foundations: reply to Wright's commentary
    Review, 1995, (May), 125-126
43. Monetary, Credit and (Other) Transmission Processes: A Monetarist Perspective
    Journal of Economic Perspectives, 1995, 9, (4), 49-72 View citations (39)
44. What do budget deficits do? (commentary)
    Proceedings, 1995, 129-137

1994

45. Heterodox policy and economic stabilization
    Journal of Monetary Economics, 1994, 34, (3), 581-600

1993

46. Real exchange rates: some evidence from the postwar years
    Review, 1993, (Mar), 103-117 View citations (7)
47. Socialist Economic Transformation: Correspondence
    Journal of Economic Perspectives, 1993, 7, (1), 199-201
48. The deficit: A monetarist's perspective
    Choices, 1993, 08, (1)

1992

49. Introduction
    Carnegie-Rochester Conference Series on Public Policy, 1992, 36, (1), 1-4
50. Karl Brunner: In Memoriam
    Cato Journal, 1992, 12, (1), 1-5
51. Patinkin on Keynes and Meltzer
    Journal of Monetary Economics, 1992, 29, (1), 151-162

1991

52. Introduction
    Carnegie-Rochester Conference Series on Public Policy, 1991, 35, (1), 1-5
53. Introduction
    Carnegie-Rochester Conference Series on Public Policy, 1991, 34, (1), 1-5
54. U.S. leadership and postwar progress
    Proceedings, 1991, 237-274
55. U.S. policy in the Bretton Woods era
    Review, 1991, (May), 54-83 View citations (12)

1990

56. Comment from the floor
    Proceedings, 1990, 139
57. Commentary: monetary policy and the control of inflation
    Proceedings, 1990, 105-111
58. Some Empirical Findings on Differences between EMS and Non-EMS Regimes: Implications for Currency Blocs
    Cato Journal, 1990, 10, (2), 455-483 View citations (1)
59. Unit roots, investment measures and other essays
    Carnegie-Rochester Conference Series on Public Policy, 1990, 32, (1), 1-6 View citations (2)
60. Walter Oi at 6O
    Carnegie-Rochester Conference Series on Public Policy, 1990, 33, (1), 1-2

1989

61. A Political Theory of Government Debt and Deficits in a Neo-Ricardian Framework
    American Economic Review, 1989, 79, (4), 713-32 View citations (28)
62. IMF policy advice, market volatility, commodity price rules, and other essays
    Carnegie-Rochester Conference Series on Public Policy, 1989, 31, (1), 1-6 View citations (2)
63. International debt, federal reserve operations, and other essays
    Carnegie-Rochester Conference Series on Public Policy, 1989, 30, (1), 1-6
64. The Fed at seventy-five
    Proceedings, 1989, 3-107 View citations (1)
65. Tobin on macroeconomic policy: A review essay
    Journal of Monetary Economics, 1989, 23, (1), 159-173

1988

66. Money and Credit in the Monetary Transmission Process
    American Economic Review, 1988, 78, (2), 446-51 View citations (9)
67. Stabilization policies and labor markets
    Carnegie-Rochester Conference Series on Public Policy, 1988, 28, (1), 1-8 View citations (2)

1987

68. Bubbles and other essays
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 1-8 View citations (3)
69. Empirical studies of velocity, real exchange rates, unemployment, and productivity
    Carnegie-Rochester Conference Series on Public Policy, 1987, 27, (1), 1-8 View citations (2)
70. Errata [A Positive Theory of Discretionary Policy, the Cost of Democratic Government and the Benefits of a Constitution]
    Economic Inquiry, 1987, 25, (2), 363-65
71. INTERNATIONAL DEBT PROBLEMS
    Contemporary Economic Policy, 1987, 5, (1), 100-105
72. Limits of Short-run Stabilization Policy: Presidential Address to the Western Economic Association, July 3, 1986
    Economic Inquiry, 1987, 25, (1), 1-14 View citations (1)

1986

73. A Positive Theory of Discretionary Policy, the Cost of Democratic Government and the Benefits of a Constitution
    Economic Inquiry, 1986, 24, (3), 367-88 View citations (27)
74. A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information
    Econometrica, 1986, 54, (5), 1099-1128 View citations (252)
75. Money and Exchange Rate Regimes: A Comparison of Japan and the United States
    Cato Journal, 1986, 6, (2), 667-683
76. Real business cycles, real exchange rates, and actual policies
    Carnegie-Rochester Conference Series on Public Policy, 1986, 25, (1), 1-10 View citations (5)
77. Size, persistence and interrelation of nominal and real shocks: Some evidence from four countries
    Journal of Monetary Economics, 1986, 17, (1), 161-194 View citations (2)
78. The national bureau method, International capital mobility, and other essays
    Carnegie-Rochester Conference Series on Public Policy, 1986, 24, (1), 1-10

1985

79. The "new monetary economics," fiscal issues, and unemployment
    Carnegie-Rochester Conference Series on Public Policy, 1985, 23, (1), 1-12 View citations (1)
80. Understanding monetary regimes
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 1-8 View citations (1)

1984

81. Essays on macroeconomic implications of financial and labor markets and political processes
    Carnegie-Rochester Conference Series on Public Policy, 1984, 21, (1), 1-8 View citations (1)
82. Monetary and fiscal policies and their application
    Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 1-5 View citations (1)
83. Price stability and public policy (overview)
    Proceedings, 1984, 209-222
84. The International Debt Problem
    Cato Journal, 1984, 4, (1), 63-69

1983

85. Interpreting Keynes [Keynes's General Theory: A Different Perspective]
    Journal of Economic Literature, 1983, 21, (1), 66-78
86. Long- and short-term interest rates in a risky world
    Journal of Monetary Economics, 1983, 12, (4), 485-518 View citations (23)
87. Monetary Reform in an Uncertain Environment
    Cato Journal, 1983, 3, (1), 93-120
88. Money and economic activity, inventories and business cycles
    Journal of Monetary Economics, 1983, 11, (3), 281-319 View citations (11)
89. Money, monetary policy, and financial institutions
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 1-7 View citations (1)
90. Reply to stephen axilrod's comments
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 113-116
91. Strategies and tactics for monetary control
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 59-103 View citations (4)
92. Variability in employment, prices, and money
    Carnegie-Rochester Conference Series on Public Policy, 1983, 19, (1), 1-4

1982

93. Comment on "Federal Reserve Control of the Money Stock"
    Journal of Money, Credit and Banking, 1982, 14, (4), 632-40
94. Economic policy in a world of change
    Carnegie-Rochester Conference Series on Public Policy, 1982, 17, (1), 1-6 View citations (7)
95. Monetary regimes and protectionism
    Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 1-10

1981

96. A Rational Theory of the Size of Government
    Journal of Political Economy, 1981, 89, (5), 914-27 View citations (628)
97. Keynes's General Theory: A Different Perspective
    Journal of Economic Literature, 1981, 19, (1), 34-64
98. Supply shocks, incentives and national wealth
    Carnegie-Rochester Conference Series on Public Policy, 1981, 14, (1), 1-8
99. The costs and consequences of inflation
    Carnegie-Rochester Conference Series on Public Policy, 1981, 15, (1), 1-4
100. Time deposits in the Brunner-Meltzer model of asset markets
     Journal of Monetary Economics, 1981, 7, (1), 129-139 View citations (1)

1980

101. Monetary institutions and the policy process
     Carnegie-Rochester Conference Series on Public Policy, 1980, 13, (1), 1-8
102. On the state of macroeconomics
     Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 1-5 View citations (2)
103. Stagflation, persistent unemployment and the permanence of economic shocks
     Journal of Monetary Economics, 1980, 6, (4), 467-492 View citations (23)

1979

104. Policies for employment, prices, and exchange rates
     Carnegie-Rochester Conference Series on Public Policy, 1979, 11, (1), 1-7 View citations (6)
105. Three aspects of policy and policymaking: Knowledge, data and institutions
     Carnegie-Rochester Conference Series on Public Policy, 1979, 10, (1), 1-7 View citations (3)

1978

106. Inflation and price changes: Some preliminary estimates and tests of alternative theories
     Carnegie-Rochester Conference Series on Public Policy, 1978, 8, (1), 325-353 View citations (1)
107. Public policies in open economies
     Carnegie-Rochester Conference Series on Public Policy, 1978, 9, (1), 1-4 View citations (1)
108. The conduct of monetary policy under current monetary arrangements
     Journal of Monetary Economics, 1978, 4, (2), 371-388
109. The problem of inflation
     Carnegie-Rochester Conference Series on Public Policy, 1978, 8, (1), 1-15 View citations (4)

1977

110. A decadência da economia liberal
     Revista Brasileira de Economia, 1977, 31, (1), 205-220
111. Anticipated Inflation and Unanticipated Price Change: A Test of the Price-Specie Flow Theory and the Phillips Curve
     Journal of Money, Credit and Banking, 1977, 9, (1), 182-205 View citations (3)
112. International organization, national policies and economic development
     Carnegie-Rochester Conference Series on Public Policy, 1977, 6, (1), 1-16
113. Optimal policies, control theory and technology exports
     Carnegie-Rochester Conference Series on Public Policy, 1977, 7, (1), 1-11 View citations (2)
114. Stabilization of the domestic and international economy
     Carnegie-Rochester Conference Series on Public Policy, 1977, 5, (1), 1-6 View citations (20)
115. The Explanation of Inflation: Some International Evidence
     American Economic Review, 1977, 67, (1), 148-54 View citations (2)

1976

116. Institutional arrangements and the inflation problem
     Carnegie-Rochester Conference Series on Public Policy, 1976, 3, (1), 1-13 View citations (1)
117. Institutions, policies and economic performance
     Carnegie-Rochester Conference Series on Public Policy, 1976, 4, (1), 1-14
118. Monetary and other explanations of the start of the great depression
     Journal of Monetary Economics, 1976, 2, (4), 455-471 View citations (12)
119. The Phillips curve
     Carnegie-Rochester Conference Series on Public Policy, 1976, 1, (1), 1-18 View citations (28)

1975

120. The Effects of Economic Policies on Votes for the Presidency: Some Evidence from Recent Elections
     Journal of Law and Economics, 1975, 18, (3), 781-98 View citations (3)
121. The Effects of Economic Policies on Votes for the Presidency: Some Evidence from Recent Elections: Reply
     Journal of Law and Economics, 1975, 18, (3), 803-05 View citations (2)

1974

122. Credit Availability and Economic Decisions: Some Evidence from the Mortgage and Housing Markets
     Journal of Finance, 1974, 29, (3), 763-77 View citations (1)
123. The Flow of Funds and Interest Rates-I: U.S. Financial Models: Discussion
     Journal of Finance, 1974, 29, (2), 360-63

1973

124. Mr. Hicks and the "Monetarists."
     Economica, 1973, 40, (157), 44-59 View citations (3)
125. The Markets for Housing and Housing Services
     Journal of Money, Credit and Banking, 1973, 5, (1), 78-99 View citations (11)
126. The Markets for Housing and Housing Services: Reply
     Journal of Money, Credit and Banking, 1973, 5, (4), 973-78 View citations (10)

1972

127. Friedman's Monetary Theory
     Journal of Political Economy, 1972, 80, (5), 837-51 View citations (4)
128. Money, Debt, and Economic Activity
     Journal of Political Economy, 1972, 80, (5), 951-77 View citations (25)
129. What the Commission Didn't Recommend
     Journal of Money, Credit and Banking, 1972, 4, (4), 1005-09

1971

130. The Uses of Money: Money in the Theory of an Exchange Economy
     American Economic Review, 1971, 61, (5), 784-805 View citations (38)

1970

131. Is There an Optimal Money Supply? A Discussion
     Journal of Finance, 1970, 25, (2), 450-53
132. Public Policies as Causes of Fluctuations
     Journal of Money, Credit and Banking, 1970, 2, (1), 45-55

1969

133. A Comment on Hester's Paper
     Journal of Money, Credit and Banking, 1969, 1, (3), 618-23
134. Controlling money
     Review, 1969, (May), 16-24 View citations (1)
135. Money, Intermediation, and Growth
     Journal of Economic Literature, 1969, 7, (1), 27-56 View citations (5)

1968

136. Introduction
     Journal of Political Economy, 1968, 76, 661
137. Liquidity Traps for Money, Bank Credit, and Interest Rates
     Journal of Political Economy, 1968, 76, 1 View citations (15)
138. What Did We Learn from the Monetary Experience of the United States in the Great Depression?
     Canadian Journal of Economics, 1968, 1, (2), 334-348 View citations (10)

1967

139. Major Issues in the Regulation of Financial Institutions
     Journal of Political Economy, 1967, 75, 482 View citations (8)
140. Money Supply Revisited: A Review Article
     Journal of Political Economy, 1967, 75, 169

1965

141. AUERBACH'S DEFENSE OF DEFENSIVE OPERATIONS
     Journal of Finance, 1965, 20, (3), 500-502
142. Monetary Theory and Monetary History
     Swiss Journal of Economics and Statistics (SJES), 1965, 101, (IV), 404-422

1964

143. A Little More Evidence from the Time Series
     Journal of Political Economy, 1964, 72, 504
144. Improvement in the Balance of Payments: A Response to Monetary Policy or to Ad Hoc Fiscal Policies
     The Journal of Business, 1964, 38, 267
145. SOME FURTHER INVESTIGATIONS OF DEMAND AND SUPPLY FUNCTIONS FOR MONEY
     Journal of Finance, 1964, 19, (2), 240-283 View citations (4)

1963

146. PREDICTING VELOCITY: IMPLICATIONS FOR THEORY AND POLICY
     Journal of Finance, 1963, 18, (2), 319-354 View citations (5)
147. The Demand for Money: The Evidence from the Time Series
     Journal of Political Economy, 1963, 71, 219 View citations (30)

1960

148. PORTFOLIO SELECTION: A HEURISTIC APPROACH
     Journal of Finance, 1960, 15, (4), 465-480

1959

149. The Behavior of the French Money Supply: 1938-54
     Journal of Political Economy, 1959, 67, 275

Books

2012

1. Why Capitalism?
   OUP Catalogue, Oxford University Press

2010

2. A History of the Federal Reserve, Volume 2, Book 1, 1951-1969
   University of Chicago Press Economics Books, University of Chicago Press
3. A History of the Federal Reserve, Volume 2, Book 2, 1970-1986
   University of Chicago Press Economics Books, University of Chicago Press

2005

4. Keynes's Monetary Theory
   Cambridge Books, Cambridge University Press
   Also in Cambridge Books, Cambridge University Press (1989)

2003

5. A History of the Federal Reserve, Volume 1: 1913-1951
   University of Chicago Press Economics Books, University of Chicago Press

1997

6. Money and the Economy
   Cambridge Books, Cambridge University Press View citations (5)

Chapters

2009

1. Policy Principles - Lessons from the Fed's Past
   Chapter 2 in The Road Ahead for the Fed, 2009

1990

2. Money supply
   Chapter 09 in Handbook of Monetary Economics, 1990, vol. 1, pp 357-398 View citations (12)

1989

3. Stability Under the Gold Standard in Practice
   A chapter in Money, History, and International Finance: Essays in Honor of Anna J. Schwartz, 1989, pp 163-202 View citations (3)