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Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...
Persistent link: https://www.econbiz.de/10012458111
Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...
Persistent link: https://www.econbiz.de/10013045945
Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...
Persistent link: https://www.econbiz.de/10013046162
predictability varies over time, however, particularly across different monetary regimes. In accord with our proposed theory, regimes …
Persistent link: https://www.econbiz.de/10014223063
inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from …
Persistent link: https://www.econbiz.de/10014024247
predictability varies over time, however, particularly across different monetary regimes. In accord with our proposed theory, regimes …
Persistent link: https://www.econbiz.de/10013220952
predictability varies over time, however, particularly across different monetary regimes. In accord with our proposed theory, regimes …
Persistent link: https://www.econbiz.de/10012468262
Persistent link: https://www.econbiz.de/10011638000