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Tag Archives: Allan Meltzer

The real reasons for low real rates

The lowest interest rates in history are failing to spur sustained recovery. Rather, low real rates mirror financial and structural weaknesses Economists cannot agree on the causes of these low real rates. They discuss various hypotheses. Central banks have held policy rates low for years – have these ultra low nominal rates reduced real rates,…
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A Debate with Allan Meltzer (Part 1)

Professor Allan Meltzer debates international monetary issues and The Money Trap with Robert Pringle   On 3/14/2014 12:57 PM, Robert Pringle wrote:   Allan, Thinking further about the international monetary system, I now find it difficult to conceive monetary stability being established in one country alone – even if that country is the US. This…
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A Debate with Allan Meltzer (Part II)

On 15 March, 2014, at 22.24 Robert Pringle wrote: WHAT WE AGREE ON It is necessary to agree on many things to have a useful discussion, and it is not surprising we do as my thinking has been much influenced by yours for many years. In a sense I am trying to reconcile my understanding…
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Allan Meltzer’s plan for world monetary reform

Professor Meltzer’s ¬†proposal can be compared with that advocated in “The Money Trap”. Both authors agree on the need for reform of the international monetary system; they agree this must entail discipline on fiscal and monetary policies of member countries and they also agre that any viable scheme should rest on the voluntary consent of…
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The Meltzer plan for world money

  Professor Allan Meltzer has for some years advocated a reform of international monetary arrangements based on a joint adoption by large economies or areas of similar inflation targets. This is a summary.   The US, the Euro, Japan and China (if it ends its currency controls) should adopt a common 0 to 2 percent…
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