• Making the rules and breaking the mold : Allan Meltzer, 1928-2017 / John Taylor
• Allan Meltzer and the history of the Federal Reserve / Michael D. Bordo
• Allan Meltzer : how he underestimated his own contribution to the modern concept of a central bank / Robert L. Hetzel
• "They profess to fear that for which they dare not hope" : how the Fed contributed to the Great Depression and the Great Recession by boosting banks' demand for reserves / George Selgin
• Allan Meltzer's model of the transmission mechanism and its implications for today / Peter N. Ireland
• The monetary base in Allan Meltzer's analytical framework / Edward Nelson
• Monetary policy and the interest rate : reflections on Allan Meltzer's contributions to monetary economics / Joshua R. Hendrickson
• Allan Meltzer and the search for a nominal anchor / James Bullard
• The Meltzer Commission / Gerald P. O'Driscoll Jr.
• Memories of Allan H. Meltzer / Robert Lucas
• Allan Meltzer's contributions to public policy thought as applied to the Federal Reserve / Charles Plosser
• Macro musings : Allan Meltzer / Allan Meltzer and David Beckworth

Allan H. Meltzer (1928-2017), a leading monetary economist of the twentieth century, is memorialized in eleven essays by prominent economists. Among his achievements, Meltzer transformed the field of central banking and dissected the economic disasters of the 1930s and late 2000s, as well as the avoidance of disaster in the 1970s. Focusing on his landmark A History of the Federal Reserve, 1913-1986, the first section argues that the Fed's biggest successes are tied to its adherence to classical monetary theory and also examines the monetarist counterrevolution. Next, the book turns to Meltzer's thinking on the monetary transmission mechanism and his close work with Karl Brunner on the Brunner-Meltzer Model; it argues that Meltzer's understanding of monetary economics could be used to measure the impact of the Fed's activities. Finally, Meltzer's contributions to public policy are examined, including his proposed reforms to the International Monetary Fund and his activities at the Carnegie Mellon Graduate School of Industrial Administration.The conference papers that compose this volume celebrate Meltzer's fifty-year career at Carnegie Mellon. The book ends with a transcribed interview, conducted just a few months before his death, in which he shares sharp-witted insights about economics and his legacy.Contributors: Michael Bordo, James Bullard, Joshua R. Hendrickson, Robert Hetzel, Peter N. Ireland, Robert Lucas, Edward Nelson, Gerald P. O'Driscoll Jr., Charles Plosser, George Selgin, and John Taylor.
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• Foreword / Esther L. George
• Introduction / Nicholas Sly
• The moderators / Susan M. Collins, Randall S. Krozner
• Opening remarks / Janet L. Yellen
• The reallocation myth / Chang-Tai Hsieh, Peter J. Klenow
• Commentary / Gita Gopinath
• General discussion
• The impact of trade on inequality in developing countries / Nina Pavcnik
• Commentary / David Dorn
• General discussion
• Panel on the changing landscape of international trade : protectionism, bashing China and the American works / Ann E. Harrison
• New OECD research on the changing landscape of global trade, technology, and 'tastes' : with some implications for employment and inequality / Catherine L. Mann
• The distributional implications of U.S. trade liberalization with China / Peter K. Schott
• Brexit and the future of globalization / John Van Reenen
• General discussion
• Luncheon address : Sustaining openness in a dynamic global economy / Mario Draghi
• General discussion
• Fiscal stimulus and fiscal sustainability / Alan J. Auerbach, Yuriy Gorodnichenko
• Commentary / Jason Furman
• General discussion
• The once and future global imbalance? Interpreting the post-crisis record / Menzie D. Chinn
• Commentary / Maurice Obstfeld
• General discussion
• Overview panel / Norman Chan, Timothy J. Kehoe, Carmen M. Reinhart
• General discussion
• Participants list.

"This symposium, the 41st hosted by the Federal Reserve Bank of Kansas City, addressed whether regulatory reforms following the crisis hindered growth worldwide; the effect of declining worker mobility on long-run growth in the United States; a worldwide shift toward more protectionist policies following a period of liberalization; how providing fiscal support in economic downturns does not appear to threaten fiscal sustainability; and the shifts in recent decades in global imbalances in trade and capital markets between countries"--Foreword.

• Presidential address / Shyam Das
• Who's in Charge : The NLRB's Take on Arbitration and Deferral / Philip A. Miscimarra ; Introduction by Laura J. Cooper
• Workplace Drug Use : A New Generation of Issues / Moderator : Norman Brand ; Panelists : J. Rod Betts, Joseph Elford, John E. Sands, and Fern Steiner
• How Arbitrators and Advocates Can Understand and Avoid Unconscious Bias and Stereotyping / Amy Oppenheimer
• Service on Tripartite Boards of Arbitration : How Discussions in Executive Session Can Trigger Questions of Ethics, Practice, and Finality / Moderator : Ira F. Jaffe ; Panelists : Stephen E. Crable, Donald J. Munro, and Carmen R. Parcelli
• Workers With Personality Disorders, Their Workplaces, and the Americans with Disabilities Act / Moderator : Jams C. Oldham ; Panelists : Gregg Bloche, Chai Feldblum, and John M. Oldham, MD
• Mental Impairments and the ADA : A Primer / Chai Feldblum
• Estoppel After Nor-Man : A Brief Review / Maggie House and Arne Peltz
• The Suprisingly Complex Issue of Resignation in Just Cause Cases / Moderator : Rafael Gely ; Panelists : Melissa H. Biren, Stacey A. Mufson, and Daniel T. Purtell
• California Dreamin' : The Rise of the Iskanian Exception and the Fall of the State Effective-Vindication Exception to Federal Arbitration Act Preemption of State Employment Arbitration Doctrine / E. Gary Spitko
• Managing Multiple Employment Arbitration Cases With Class Action Waivers / Catherine L. Fisk --Understanding the Professional Practices and Decision Making of Employment Arbitrators / Alexander J.S. Colvin and Mark D. Gough
• Collaboration and Compatibility in the Sky : What's Different About the American Airlines-US Airways Merger? / Moderator : Joyce M. Klein ; Panelists : Laura Glading, Lucretia D. Guia, Beth Holdren, and Neil Roghair
• How Parties Pick Arbitrators / Moderator : Susan Grody Ruben ; Panelists : John F. Baum, Geoffrey Piller, and Susan L. Stewart
• Smile, You're on Candid Camera : Surveillance and Police Misconduct Charges / Sharon K. Imes ; Moderator : Sharon K. Imes ; Panelists : Richard Bolanos and Michael L. Rains
• Fit for Duty? Controllable Health Conditions and an Employee's Ability to Perform Safety-Sensitive Work : An Introduction to a Discussion / Alan A. Symonette
• Panel Discussion / Moderator : M. David Vaughn ; Panelists : Richard H. Rahm and Paul Tyler
• Making Credibility Determinations : The Latest Science of Reading Emotions and Thoughts Across Cultures / Moderator : Anita Christine Knowlton ; Speaker : Clark Freshman
• Fireside Chat With William B. Gould IV / Interviewer : Claude Dawson Ames.

• How can central banks deliver credible commitment and be "emergency institutions?" / Paul Tucker
• Policy rule legislation in practice / David H. Papell, Alex Nikolsko-Rzhevskyy and Ruxandra Prodan
• Goals versus rules as Central Bank performance measures / Carl E. Walsh
• Institutional design : deliberations, decisions, and committee dynamics / Kevin M. Warsh
• Some historical reflections on the governance of the Federal Reserve / Michael D. Bordo
• Panel on independence, accountability, and transparency in central bank governance / Charles I. Plosser, George P. Shultz, and John C. Williams.

A central bank needs authority and a sphere of independent action. But a central bank cannot become an unelected Czar with sweeping, unaccountable discretionary power. How can we balance the central bank's authority and independence with needed accountability and constraints? Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers' discussing this and other key questions about the Fed. Going beyond the widely talked about decision of whether to raise interest rates, they focus on a deeper set of questions, including, among others, How should the Fed make decisions? How should the Fed govern its internal decision-making processes? What is the trade-off between greater Fed power and less Fed independence? And how should Congress, from which the Fed ultimately receives its authority, oversee the Fed? The contributors discuss whether central banks can both follow rule-based policy in normal times but then implement a discretionary do-what-it-takes approach to stopping financial crises. They evaluate legislation, recently proposed in the US House and Senate, that would require the Fed to describe its monetary policy rule and, if and when it changed or deviated from its rule, explain the reasons. And they discuss to best ways to structure a committee-like the Federal Open Market Committee, which sets interest rates-to make good decisions, as well as offer historical reflections on the governance of the Fed and much more.
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• Foreword / Esther L. George
• Introduction / Troy Davig
• The moderators : Peter Blair Henry, Kristin J. Forbes
• Opening remarks / Janet L. Yellen
• Pass-through efficiency in the Fed's new monetary policy setting / Darrell Duffie, Arvind Krishnamurthy ; Commentary / Minouche Shafik
• The case for unencumbering interest rate policy at the zero bound / Marvin Goodfriend ; Commentary / Marianne Nessén
• Evaluating monetary policy operational frameworks / Ulrich Bindseil ; Commentary / Jean-Pierre Danthine ; Commentary / Simon Potter
• Luncheon address : Fiscal policy, monetary policy and central bank independence / Christopher A. Sims
• The Federal Reserve's balance sheet as a financial-stability tool / Robin Greenwood, Samuel G. Hanson, Jeremy C. Stein ; Commentary / Randall S. Kroszner
• Funding quantitative easing to target inflation / Ricardo Reis ; Commentary / Laura L. Veldkamp
• Overview panel : The case for emerging market economies / Agustín Carstens
• The ECB's operational framework in post-crisis times / Benoît Coeuré
• Re-anchoring inflation expectations via 'quantitative and qualitative monetary easing with a negative interest rate' / Haruhiko Kuroda.

• Introduction
• Executive summary
• Final Seminar report
• Profiles of seminar participants
• Seminar program and questions
• In memoriam: Miljenko Deeta.

• Presidential address: Historical perspectives on the judicial enforcement of arbitration agreements / by James Oldham
• Distinguished speaker address: Labor-management partnerships : ushering in a sea change, or just an aberration? / by George Cohen
• Alternative approaches to collective bargaining / by Richard J. Charney
• Innovations in organizing / by Lewis Gottheil
• Fast food strikes overview / by Steven K. Ury
• Volkswagen Chattanooga and the UAW : a new approach to organizing by the UAW? / by Adam C. Wit
• Panel discussion / moderator: Martin H. Malin and Susan L. Stewart ; panelists: Richard J. Charney, Steven K. Ury, Lewis Gottheil, and Adam Wit
• Will we see the return of the labor strike? / moderator: Walt De Treux ; panelists, Karl Fritton, Thomas Kochan, Karen Kent, and Jorge Ramirez
• Airline industry consolidation and the expected effects on labor relations issues / by Joshua M. Javits ; Panel discussion / Chair: Edward J. Harrick, moderator, Joshua M. Javits, panelists, Joshua M. Javits, Lee Moak, Douglas P. McKeen, and Veda Shook
• Lessons learned : a look at the 2012 Chicago teachers' strike / moderator: Amedeo Greco, speakers: Robert E. Bloch, and James C. Franczek, Jr.
• What arbitrators need to know about the postal arbitration process / moderator: Margo R. Newman, panelists, Thomas J. Branch, Joey C. Johnson, Tony McKinnon, Sr., Mike Mlakar, and Manuel L. Peralta, Jr.
• Hot off the press : sports, labor law, arbitration, and collective bargaining / speaker: Lester Munson, panelists, Tom DePaso, Dan Halem, and David Prouty
• The future of labor and employment arbitration : the view from the bench / moderator: Barry Winograd, Panelists, Diane P. Wood, Laurence H. Silberman, and Paul L. Friedman
• DSM-5 : personality disorders as they relate to the workplace and arbitration / moderator: James Oldham, panelists: Gregg Bloche, and John Oldham
• Social media and electronic communications : ethical practices and pitfalls / moderator: Jeanne Charles Wood, Panelists, Margaret R. Brogan, Vici Peterson Cohen, Jane Devlin, and Michel G. Picher
• Arbitration in Canada : trends in damages / moderator: Randi Hammer Abramsky, speakers: Emily M. Burke and Kenneth Paul Swan
• Arbitral discretion : how far? how deep? it all depends / by Richard Mittenthal
• An empirical evaluation of the adjudication of statutory human rights claims before labour arbitrators and human rights tribunals in Ontario : a preliminary report / by Martin H. Malin, Sara Slinn, and Jon M. Werner
• The advocates' view of unusual and not-so-unusual remedies / moderator: Steven M. Bierig, speakers: Jeremy Glenn and Heidi Parker
• Hard times do not have to mean zero sum results / by J. Dale Berry
• Internally consistent settlements and awards are paramount in difficult economic times / by Susan K. Hanse
• Interest arbitration in hard times : are they times really hard? / by Harvey A. Nathan
• Recent trends in interest arbitration / by Mary Jo Schiavoni
• Panel discussion / moderator: Fredric R. Dichter, panelists, J. Dale Berry, Susan K. Hansen, Harvey A. Nathan, and Mary Jo Schiavoni
• Using mediation in the grievance process at American Airlines / moderator: Kathy Fragnoli, panelists, Debbie Carvatta and Laura Glading
• Military activation and return : the National Guard and Reserve employee / moderator: Michelle Miller-Kotula, panelists, Brian Clauss and Roger MacDougall
• Arbitrator best practices from the advocates perspective / moderator, Randi E. Lowitt, panelists, Kevin Camden, and Jennifer Dunn
• Challenging orthodoxies : paper and comments. Introduction / by Shyam Das ; Challenging orthodoxies / by Dennis R. Nolan ; Discussion
• Professional responsibility standards in employment arbitration / by Kenneth May and Julia R. Perdue
• Fireside chat with Robert Gorman.

• Background facts / James Piereson
• The broad-based rise in return to top talent / Joshua D. Rauh
• The economic determinants of top income inequality / Charles I. Jones
• Intergenerational mobility and income inequality / Jörg L. Spenkuch
• The effects of redistribution policies on growth and unemployment / Casey B. Mulligan
• Income and wealth in America / Kevin M. Murphy and Emmanuel Saez
• Conclusions and solutions / John H. Cochrane, Lee E. Ohanian, and George P. Shultz
• Remembering Gary Becker / Edward P. Lazear and George P. Shultz.

Drawing from a 2014 Hoover Institution Conference on Inequality in honor of Gary Becker, a group of distinguished contributors explore various measures of inequality in America and address the issue of whether or not it is increasing. In looking at this question and examining policy implications, the authors draw on research on human capital and intergenerational mobility. The authors suggest that the emphasis on inequality and redistribution, while not wrong, is nevertheless misplaced, for it may lead us to adopt policies that will disrupt the progress we have made while doing nothing to promote the kind of growth that is essential to national progress.
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• Forward / Esther L. George, President and Chief Executive Officer, Federal Reserve Bank of Kansas City
• Introduction / Troy Davig, Senior Vice President and Director of Research, Federal Reserve Bank of Kansas City
• The moderators / Peter Blair Henry, Dean, Stern School of Business, New York University and Christina D. Romer, Professor, University of California-Berkeley
• Opening remarks / Janet L. Yellen, Chair, Board of Governors of the Federal Reserve System
• Labor market fluidity and economic performance / Steven J. Davis, Professor, University of Chicago, John Haltiwantger, Professor, University of Maryland ; Commentary / Richard Rogerson, Professor, Princeton University
• Polanyi's paradox and the shape of employment growth / David H. Autor, Professor, Massachusetts Institute of Technology ; Commentary / Lisa M. Lynch, Professor, Brandeis University
• China's demographic change in comparative perspective: implications for labor markets and sustainable development / Karen Eggleston, Professor, Stanford University
• The demography of the labor force in emerging markets / David Lam, Professor, University of Michigan.

• How population aging affects the macroeconomy / Ronald Lee, Professor, University of California-Berkeley
• Luncheon address: Unemployment in the Euro area / Mario Draghi, President European Central Bank
• Long-term nonemployment and job displacement / Till Von Wachter, Associate Professor, University of California-Los Angeles ; Commentary / Antonella Trigari, Associate Professor, Bocconi University
• What is natural about unemployment?: Policy sources and implications of labor market rigidities / Giuseppe Bertola, Professor EDHEC Business School ; Commentary / Mark Bils, Professor, University of Rochester
• Unemployment and the conduct of monetary policy in the U. K. / Ben Broadbent, Deputy Governor for Monetary Policy, Bank of England
• Deflation, the labor market and QQE / Haruhiko Kuroda, Governor, Bank of Japan
• Labor markets and monetary policy : some comments in light of the Brazilian experience / Alexandre Antonio Tombini, Governor, Central Bank of Brazil.

• Part 1. The Sixth Annual Ernest May Memorial Lecture : Putanism, the backstory / Strobe Talbott
• Part 2.
• Chapter 1. The world according to Putin / Lilia Shevtsova
• Chapter 2. Putin's world / Angela Stent
• Chapter 3. The Ukraine crisis and beyond : a European perspective / Wolfgang Ischinger
• Part 3.
• Chapter 4. Sino-Russian relations / Kevin Rudd
• Chapter 5. The unconventional energy boom : bad timing for a revanchist Russia / Meghan L. O'Sullivan
• Part 4.
• Chapter 6. Advice for the Obama administration on Putin, Russia, and Ukraine / John Beyrle
• Chapter 7. Russia and the United States' national interest (or Reset Version 2.0) / Stephen Biegun
• Chapter 8. Russia, the Ukraine crisis, and American national interests / Graham Allison
• Chapter 9. Concluding observations : what we heard / Stephen Hadley.

The Aspen Strategy Group's Policy Books is an annual series of pieces on the United States most pressing foreign policy and national security issues written by contemporary thought leaders. This edition is a collection of papers commissioned for the 2014 Aspen Strategy Group Summer Workshop. On the occasion of the 30th year anniversary of the Aspen Strategy Group (founded in 1984), the Summer Workshop in Aspen, CO convened a nonpartisan group of preeminent U.S.-Russia policy experts, academics, journalists, and business leaders. The Group's policy discussions were guided by the papers found in this volume, whose scope ranges from exploring the history of the U.S.-Russia relationship, current developments in the Sino-Russian relationship, the NATO and European responses to Russian aggression in Eastern Europe, energy considerations, areas of potential U.S.-Russia cooperation, and finally, the broader question of U.S. national security and interests in the European region.
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• Foreword / Esther L. George
• Introduction / Troy Davig
• The routes into and out of the zero lower bound / Robert E. Hall
• Commentary / Hyun song Shin
• General discussion: The ins and outs of LSAPS / Arvind Krishnamurthy, Annette Vissing-Jorgensen
• Commentary / Anil K. Kashyap
• General discussion: Monetary policy options and tools / Agustin Carstens
• The unconventional Chinese monetary policy in the global context / David Daokui Li
• Convergence and divergence in government bond markets: implications for monetary policy / Frank R. Smets
• General discussion
• Luncheon address: The global calculus of unconventional monetary policies / Christine Lagarde
• Luncheon discussion: Global liquidity: public and private -- / Jean-Pierre Landau
• Commentary / Claudio Borio
• General discussion: Dilemma not trilemma: the global financial cycle and monetary policy independence / Hélène Rey
• Commentary / Terrence J. Checki
• General discussion: Global aspects of unconventional monetary policies / Charles R. Bean
• Japan's unconventional monetary policy and initiatives toward ensuring stability of the global financial system / Haruhiko Kuroda
• Global dimensions of unconventional monetary policy: an eme perspective / Luiz A. Pereira Da Silva
• General discussion.