Bordo, Michael D. (contributor); … - 2003 - [Elektronische Ressource], rev
versions of price path targeting. This paper uses a dynamic stochastic
general equilibrium model to examine price dynamics … countries that were on the
gold standard from 1881 through 1913. In section V, we compare price dynamics
under a pure … various
policy regimes.
To approximate the dynamics of the model, we use the approach described
in King and Watson (1998 …