Allan Meltzer (1928–2017)
This content hub pays tribute to the contributions of the late Allan Meltzer, leading economist and Central Banking Editorial Advisory Board member. Below is an obituary written by Stanford University’s John Taylor, who explains the late economist’s extraordinary contributions to economics and central banking.
The hub includes Meltzer’s recent and archived editorial contributions to Central Banking, such as his 1997 take on European Economic and Monetary Union (right), reviews of Meltzer’s books on the US Federal Reserve Board and news updates (below).
Other highlights include: Central Banking Publications founder Robert Pringle’s private email correspondence with Meltzer; and Pringle’s 2003 interview with the economist (below).
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Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
John Taylor writes about the extraordinary life of a pioneering economist whose lifelong work defied traditional rules – but one who strongly advocated them for central banks
Archive – Interview: Allan Meltzer
Robert Pringle talks to Allan Meltzer, Carnegie Mellon professor and chair of the US Congress’s International Financial Institution Advisory Commission (the “Meltzer Commission”); first published in February 2003
“What would Allan say?”
Central Banking Publications founder Robert Pringle finds pearls of wisdom in his email correspondence with the late Allan Meltzer
No ‘Taylor rule’ without Meltzer’s support
John Taylor says he would “likely have done other things” if not encouraged by Allan Meltzer to develop the eponymous rule
Meltzer criticises Burns and Bernanke over Fed independence
Allan Meltzer criticises the former Fed chairs for giving independence away; wants to incorporate a rule into policy-making, while Peter Conti-Brown favours governance reforms
Meltzer accuses Fed of three ‘major’ errors
Writing in the Central Banking Journal, Allan Meltzer argues the Fed continued QE for too long, while relying too heavily on ‘noisy’ data and too little on monetary and credit aggregates
Allan Meltzer awarded Truman Medal
American economist Allan Meltzer to become only the fourth person to receive the distinguished Truman Medal for Economic Policy
Fed historian Meltzer scoops 2011 Bradley Prize
Author of definitive history of the Federal Reserve Allan Meltzer to receive a 2011 Bradley Prize
Fed exacerbating stagflation risk: Meltzer
The Federal Reserve's current policies mark a return to the dark days of the 1970s and carry the same threats, says Allan Meltzer, a professor at Carnegie Mellon University.
New light on the Fed's history
Allan Meltzer finds the Fed at fault for the Great Depression, but he may not have the complete picture contends Tim Congdon.