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[The Demand for Money: A Cross-Section Study of Business Firms"]: Reply

Allan H. Meltzer

Carnegie Institution for Science

This essay provides the kind of concise and incisive survey that we have learned to await with anticipation from the ever-active pen of Professor Johnson. This time he is discussing the role of monetary policy as a stabilization device. The paper, originally prepared for the Canadian Royal Commission on Banking and Finance, deals mainly with Canadian problems. But the author ranges over the pros and cons of a number of issues of general interest, and there are useful comments on a variety of open questions.

DOI

10.2307/1880523

Volume

79 (1)

Pages

162

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