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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
inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from … that experience have convinced monetary authorities to reemphasize the goal of low inflation, as it were, committing …
Persistent link: https://www.econbiz.de/10014024247
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Canada's pioneering experience with a flexible exchange rate in the 1950s : (hard) lessons learned for monetary policy in a small open economy
Bordo, Michael D.; Dib, Ali; Schembri, Lawrence - 2007
Persistent link: https://www.econbiz.de/10003596159
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Canada's pioneering experience with a flexible exchange rate in the 1950s : (hard) lessons learned for monetary policy in a small open economy
Bordo, Michael D. (contributor); Dib, Ali (contributor);  … - 2007
This paper revisits Canada's pioneering experience with floating exchange rate over the period 19501962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy. The model is...
Persistent link: https://www.econbiz.de/10003560550
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Boom-busts in asset prices, economic instability, and monetary policy
Bordo, Michael D.; Jeanne, Olivier - 2002
Persistent link: https://www.econbiz.de/10001672473
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Boom-Busts in Asset Prices, Economic Instability, and Monetary Policy
Bordo, Michael D. - 2002
be summarized by a simple policy rule of the type considered in the inflation-targeting literature …
Persistent link: https://www.econbiz.de/10012469748
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Boom-busts in asset prices, economic instability and monetary policy
Bordo, Michael D. - 2002
Persistent link: https://www.econbiz.de/10013423979
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Inflation, Monetary Policy and Stock Market Conditions
Bordo, Michael D. - 2008
This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10012464627
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Inflation, Monetary Policy and Stock Market Conditions
Bordo, Michael D. - 2008
This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10012771830
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Institutional change and the velocity of money : a century of evidence
Bordo, Michael D. - In: Economic inquiry : journal of the Western Economic … 35 (1997) 4, pp. 710-724
Persistent link: https://www.econbiz.de/10001230540
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Institutional Change and the Velocity of Money : A Century of Evidence
Bordo, Michael D.; Jonung, Lars; Siklos, Pierre L. - 1998
We study common features in the income velocity of money, income, and interest rates for Canada, the U.S., the U.K., Sweden and Norway using annual data from 1870. The recently developed and refined techniques of testing for cointegration are employed. The evidence suggests there is a unique...
Persistent link: https://www.econbiz.de/10014068752