Chapters in this book

1. Frontmatter i
2. Contents v
3. Preface ix
4. Introduction xvii
5. 1 Expectations and the Neutrality of Money 1
6. 2 Asset Prices in an Exchange Economy 25
7. 3 Equilibrium in a Pure Currency Economy 45
8. 4 Two Illustrations of the Quantity Theory of Money 65
9. 5 Discussion of Stanley Fischer, “Towards an Understanding of the Costs of Inflation: II” 81
10. 6 Interest Rates and Currency Prices in a Two-Country World 90
11. 7 Optimal Fiscal and Monetary Policy in an Economy without Capital (with Nancy L. Stokey) 118
12. 8 Money in a Theory of Finance 161
13. 9 Principles of Fiscal and Monetary Policy 193
14. 10 Money and Interest in a Cash-in- Advance Economy (with Nancy L. Stokey) 214
15. 11 Money Demand in the United States: A Quantitative Review 246
16. 12 The Effects of Monetary Shocks When Prices Are Set in Advance 272
17. 13 Liquidity and Interest Rates 300
18. 14 Supply-Side Economics: An Analytical Review 331
19. 15 Review of Milton Friedman and Anna J. Schwartz 361
20. 16 Nobel Lecture: Monetary Neutrality 375
21. 17 Inflation and Welfare 400
22. 18 Interest Rates and Inflation (with Fernando Alvarez and Warren Weber) 433
23. 19 Macroeconomic Priorities 445
24. 20 Menu Costs and Phillips Curves (with Mikhail Golosov) 469
25. 21 Occasional Pieces 500
26. Index 527