The Economics and Politics of Money: The Selected Essays of Alan Walters

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Editorial Reviews

Booknews
The 21 papers, originally published between 1965 and 1995, express the monetarist views of Walters on the demand for money and the money multiplier, money and the business cycle, and political economy. Among his topics are currency boards, monetary and fiscal policy in the UK, a productivity model of a monetary economy showing real balances and output, money in boom and slump, the demand for money expectations and short and long rates, and the revival of the quantity theory of money. Reproduced from the originals, some double spaced. No subject index. Annotation c. by Book News, Inc., Portland, Or.
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Table of Contents

Acknowledgements
Introduction
Pt. I The Demand for Money and the Money Multiplier
1 The Revival of the Quantity Theory of Money 3
2 Professor Friedman on the Demand for Money 9
3 The Stability of Keynesian and Monetary Multipliers in the United Kingdom 16
4 Demand for Money in the UK, 1877-1961: Some Preliminary Findings 27
5 The Demand for Money - The Dynamic Properties of the Multiplier 51
6 Monetary Multipliers in the UK 1880-1962 57
7 Lags and the Demand for Money 71
8 The Radcliffe Report - Ten Years After: A Survey of Empirical Evidence 91
9 The Demand for Money Expectations and Short and Long Rates 121
Pt. II Money and the Business Cycle
10 Money in Boom and Slump 149
11 Consistent Expectations, Distributed Lags and the Quantity Theory 218
12 Real Balances and Output: A Productivity Model of a Monetary Economy 227
Pt. III Political Economy
13 Macroeconomic Models and Policy in Britain 257
14 Economists and the British Economy 268
15 The United Kingdom: Political Economy and Macroeconomics 293
16 Consumption, Savings and the Multiplier 314
17 Monetary and Fiscal Policy in the UK 326
18 Supply-Side Policies: The Lessons from the UK 350
19 Walters Critique 368
20 Currency Boards 371
21 Money, Narrow or Broad? 374
Name index 381
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