Eliminating Monetary Disturbances

2009-09-01T00:00:00Z (GMT) by Allan Meltzer

The Yeager-Greenfield paper continues the authors' work on fundamental aspects of monetary theory. Their work draws attention to such basic issues as the role of money, the conditions for existence of a price level, the limits to the role of government in the monetary process, and the costs of achieving the social benefits provided by a monetary system