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Monetary regimes, inflation and monetary reform : an essay in honor of Axel Leijonhufvud

Bordo, Michael D.; Jonung, Lars - 1994 - Revised

Over the past decade and a half Axel Leijonhufvud has written extensively on monetary regimes and their connection to nominal and real economic performance. Monetary regimes are important because they determine whether countries follow stable or unstable monetary policies and hence have stable...

Persistent link: https://www.econbiz.de/10011577057

Rules, discretion, and central bank independence : the German experience 1880-1989

Eschweiler, Bernard; Bordo, Michael D. - 1993

Theories of rules and discretion have become a corner stone in the formulation of macroeconomic policy. They suggest that monetary policy rules are first best in terms of social welfare. However, if commitment is not feasible, delegating monetary policy to an independent and conservative central...

Persistent link: https://www.econbiz.de/10011577141

Good versus bad deflation : lessons from the gold standard ear

Bordo, Michael D.; Landon-Lane, John S.; Redish, Angela - In: Monetary policy in low-inflation economies, (pp. 127-179). 2009

Persistent link: https://www.econbiz.de/10003930694

Irving fisher and the purchasing power of money : a centenary symposium

Bordo, Michael D.; Rockoff, Hugh - In: Journal of the history of economic thought 35 (2013) 2, pp. 153-177

Persistent link: https://www.econbiz.de/10009756180

Good versus Bad Deflation : Lessons from the Gold Standard Era

Bordo, Michael D. - 2004

, and money supply shocks using a structural panel vector autoregression. We then use historical decompositions to … nineteenth century reflected both positive aggregate supply shocks and negative money supply shocks. However, the negative money …

Persistent link: https://www.econbiz.de/10012468365

The Influence of Irving Fisher on Milton Friedman's Monetary Economics

Bordo, Michael D. - 2011

first on Fisher's influences in monetary theory (the quantity theory of money, the Fisher effect, Gibson's Paradox, the … compensated dollar, a mandate for price stability, 100% reserve money, and stamped money.) Assessing the influence of an earlier … absorbed in the weltanschauung. Fisher's Purchasing Power of Money as well as the work of Pigou and Marshall were the basic …

Persistent link: https://www.econbiz.de/10012461390