Bordo, Michael D. (contributor); … - 2003 - [Elektronische Ressource], rev
Dittmar, and William T. Gavin
Abstract
The classical gold standard has long been associated with long-run price … stability.
But short-run price variability led critics of the gold standard to propose reforms that look
much like modern … the
gold standard and, although it introduces a unit root into the price level, it leads to as
much long-term price …