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A Rational Theory of the Size of Government
In a general equilibrium model of a labor economy, the size of government, measured by the share of income redistributed, is determined by majority rule. Voters rationally anticipate the disincentiveExpand
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A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information
This paper develops a positive theory of credibility, ambiguity, and inflation under discretion and asymmetric information. The monetary policymaker maximizes his own (politically motivated)Expand
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Allan H. Meltzer's critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume,Expand
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Mercantile Credit, Monetary Policy, and Size of Firms
IN the continuing debate about the role of money, credit, and monetary policy in our society, one of the major issues centers around the specific incidence of "tight money" on individual businessExpand
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Monetary, Credit and (Other) Transmission Processes: A Monetarist Perspective
Monetarist analysis of the transmission process highlights the response of relative prices and real wealth to monetary (and other) impulses. Monetary impulses are neutral in the long run. Short-runExpand
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Tests of a rational theory of the size of government
ConclusionIn many countries, the political party holding power changes more frequently than the trend growth rates in government spending and taxes. Shifts of political power are often preceded byExpand
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A Political Theory of Government Debt and Deficits in a Neo-Ricardian Framework
In the presence of different abilities, and therefore different bequests, some individuals are bequest constrained even in a neo-Ricardian world. Such individuals vote for taxes on futureExpand
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A History of the Federal Reserve, Volume 1: 1913-1951
Allan H. Meltzer's monumental history of the Federal Reserve System tells the story of one of America's most influential but least understood public institutions. This first volume covers the periodExpand
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The Demand for Money: The Evidence from the Time Series
  • A. Meltzer
  • Economics
  • Journal of Political Economy
  • 1 June 1963
T *IHE arguments or variables that enter the demand function for money, and the definition of the quantity of money appropriate for the demand function, have received substantial attention in bothExpand
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