The Fluttering Veil: Essays on Monetary Disequilibrium

Leland B. Yeager · George Selgin

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

Introduction: the significance of Leland Yeager's monetary writings. Part 1 disequilibrium and its consequences: A Cash-Balance Interpretation of Depression (1956) Monetarism (1971) The Costs, Sources and Control of Inflation (1981). Part 2 misconceptions: Essential Properties of the Medium of Exchange (1968) What Are Banks? (1978) Individual and Overall Viewpoints in Theory (1982) Inflation, Output and Employment: Some Clarification (1982) and Credit Confused: An Appraisal of Economic Doctrine and Federal Reserve Procedure (1986). Part 3 Keynesianism and other diversions: The Keynesian Diversion (1973) The Significance of (1986) Injection Effects and Intermediation (1990) New Keynesians and Old Monetarists (1991). Part 4 Avoiding monetary disequilibrium: Monetary Policy: Before and After the Freeze (1971) Stable Money and Free-Market Currencies (1983) A Laissez-Faire Approach to Stability (1983) Deregulation and Reform (1985) A Real-GNP Dollar (1989) Can Disequilibrium Be Eliminated? (1989).

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