Money credit and policy Money and credit are key themes of Allan H. Meltzers ground breaking work which is celebrated in this outstanding collection of his essays and papers. Money Credit and Policy covers the demand for money the relation of money to output the role of credit and debt regulation of financial institutions the influence of uncertainty and macroeconomic policy. Focusing on the relations between money and credit and in turn their relationship to output prices and inflation this volume includes Meltzers early work on the demand for money in which he suggested that the much discussed instability of the demand for money arises from the use of Keynesian demand equations as well as his recent contributions on trade credit and intermediation. Among the many important papers featured in this volume there is an analysis of why the Federal Reserve of the 1930s persisted in its deflationary policy stance for years despite its effects and a discussion of the limits of stabilization policy. The concluding section considers the effects of uncertainty and the reasons for the rise and fall of the dollar during the 1980s reflecting Meltzers continuing interest in practical policy issues