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
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.