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Allan Meltzer and the Search for a Nominal Anchor

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Abstract

The author examines Allan Meltzer?s career in terms of the search of a nominal anchor for the U.S. Inflation targeting has provided a nominal anchor, in line with Meltzer?s view of inflation as a monetary phenomenon.

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  • James B. Bullard, 2018. "Allan Meltzer and the Search for a Nominal Anchor," Review, Federal Reserve Bank of St. Louis, vol. 100(2), pages 117-126.
    • Handle: RePEc:fip:fedlrv:00099
    DOI: 10.20955/r.2018.117-26
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    References listed on IDEAS

    as
    1. Christian Gillitzer & John Simon, 2015. "Inflation Targeting: A Victim of Its Own Success," International Journal of Central Banking, International Journal of Central Banking, vol. 11(4), pages 259-287, September.
    2. Olivier Blanchard, 2016. "The Phillips Curve: Back to the '60s?," American Economic Review, American Economic Association, vol. 106(5), pages 31-34, May.
    3. Olivier Blanchard, 2018. "Should We Reject the Natural Rate Hypothesis?," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 97-120, Winter.
    4. repec:ucp:bkecon:9780226519999 is not listed on IDEAS
    5. Allan H. Meltzer, 1993. "Real exchange rates: some evidence from the postwar years," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 103-117.
    6. James B. Bullard, 2017. "The Policy Rule Debate: A Simpler Solution," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 25(1).
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    Cited by:

    1. David Andolfatto & Andrew Spewak, 2019. "Understanding Lowflation," Review, Federal Reserve Bank of St. Louis, vol. 101(1), pages 1-26.

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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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