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Karl Brunner and Monetarism


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Table of Contents

Foreword vii
Thomas J. Jordan
1 Introduction: Why Karl Brunner Matters 1
Thomas Moser and Marcel Savioz
I A Tribute to Karl Brunner
2 Karl Brunner, Scholar: An Appreciation 19
Allan H. Meltzer
3 Karl Brunner and the Heritage of Monetarism 47
Ernst Baltensperger
4 Intellectual Origins of the Financial Crisis 65
Benjamin M. Friedman
5 A Tribute to Karl Brunner 81
Charles I. Plosser
6 Rethinking Central Bank Design 89
Kenneth Rogoff
II Impact on the Monetary Policy Debate
7 Karl Brunner's Monetarist Views in the Historical Context 129
Jurgen von Hagen
8 Karl Brunner and UK Monetary Debate 137
Edward Nelson
9 Karl Brunner and Allan Meltzer: From Monetary Policy to Monetary History to Monetary Rules 205
Michael D. Bordo
10 Karl Brunner and the Konstanz Seminar 229
III Karl Brunner and Allan Meltzer's Monetarism
11 Promoting and Defending Monetarism: Reflections on Four Papers by Karl Brunner 265
David Laidler
12 Karl Brunner's Philosophy of Science: Macroeconomics through the Lens of Logical Empiricism 293
Kevin D. Hoover
13 The Pervasive Influence of Armen Alchian on Karl Brunner's Monetarism 321
Pierrick Clerc
14 Brunner versus Friedman: Diverging Aspirations for the Monetarist Revolution 339
Pierrick Clerc and Michel De Vroey
15 Karl Brunner's Monetarist Revolution 355
James Forder
IV Today's Legacy of Karl Brunner
16 Implications of the Permanent-Transitory Confusion for New Keynesian Modeling, Inflation Forecasts, and the Postcrisis Era 373
Alex Cukierman
17 Karl Brunner's Contributions to the Theory of the Money Supply 401
Juan Pablo Nicolini
18 Monetarism, New Monetarism, and the Legacy of Karl Brunner 421
Stephen Williamson
V Appendix
Karl Brunner's Curriculum Vitae 445
Contributors 461
Index 463

About the Author

Thomas Moser is Alternate Member of the Governing Board of the Swiss National Bank. Marcel Savioz is former Head of Research Coordination and Economic Education at the Swiss National Bank.

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