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International business cycle synchronization in historical perspective

Bordo, Michael D.; Helbling, Thomas F. - 2010

"In this paper, we review and attempt to explain the changes in business cycle synchronization among 16 industrial countries and the over the past century and a quarter, demarcated into four exchange rate regimes. We find that there is a secular trend towards increased synchronization for much...

Persistent link: https://www.econbiz.de/10003981973

The Importance of Sound Monetary Policy : Some Lessons for Today from Canada's Experience with Floating Exchange Rates Since 1950

Bordo, Michael D.; Siklos, Pierre L. - National Bureau of Economic Research - 2023

In this paper we revisit the Canadian experience with floating exchange rates since 1950. Canada was a pioneer in successfully adopting a floating exchange rate during the Bretton Woods pegged exchange rate regime. Since then, most advanced countries have followed the Canadian example

Persistent link: https://www.econbiz.de/10014372411

Not Just the Great Contraction: Friedman and Schwartz's A Monetary History of the United States 1867 to 1960

Bordo, Michael D.; Rockoff, Hugh - In: American Economic Review 103 (2013) 3, pp. 61-65

Milton Friedman and Anna J. Schwartz published A Monetary History of the United States: 1867 to 1960 with Princeton University Press in 1963, to critical acclaim. Since then the book's reputation has grown and it clearly has become one of the most influential volumes in economics in the...

Persistent link: https://www.econbiz.de/10010659359

Money Matters : Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession

Bordo, Michael D.; Duca, John V. - National Bureau of Economic Research - 2023

The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. We find that the demand for more theoretically-based...

Persistent link: https://www.econbiz.de/10014322692

Chapter 3 Monetary policy regimes and economic performance: The historical record

Bordo, Michael D.; Schwartz, Anna J. - In: Handbook of macroeconomics : volume 1, part A, (pp. 149-234). 1999

both domestic and international aspects of the monetary regime before World War I has since declined in its relevance. At … and doctrine that developed under the pre-World War I convertible regime proved to be inadequate to deal with domestic … stabilization goals in the interwar period, setting the stage for the Great Depression. In the post-World War II era, the complete …

Persistent link: https://www.econbiz.de/10014024247

Monetary policy regimes, the gold standard, and the great depression

Bordo, Michael D. - In: NBER reporter online (1999/2000) 3, pp. 10-13

Persistent link: https://www.econbiz.de/10011367499

Original sin and the great depression

Bordo, Michael D.; Meissner, Christopher M. - In: Journal of international economics 145 (2023), pp. 1-24

Persistent link: https://www.econbiz.de/10014480135

Gold, fiat money, and price stability

Bordo, Michael D.; Dittmar, Robert D.; Gavin, William T. - In: The B.E. journal of macroeconomics 7 (2007) 1, pp. 1-29

Persistent link: https://www.econbiz.de/10009560387

Money, Sticky Wages, and the Great Depression

Erceg, Christopher J.; Bordo, Michael D.; Evans, Charles L. - In: American Economic Review 90 (2000) 5, pp. 1447-1463

Persistent link: https://www.econbiz.de/10005821951

Does inequality lead to a financial crisis?

Bordo, Michael D.; Meissner, Christopher M. - In: Journal of International Money and Finance 31 (2012) 8, pp. 2147-2161

The recent global crisis has sparked interest in the relationship between income inequality, credit booms, and financial crises. Rajan (2010) and Kumhof and Rancière (2011) propose that rising inequality led to a credit boom and eventually to a financial crisis in the US in the first decade of...

Persistent link: https://www.econbiz.de/10010603328