This paper develops a model of the impact of monetary policy on the price level under a gold standard. The model is … particular, it will be demonstrated that under a gold standard, monetary policy can have a permanent effect on the price level …

gold in the monetary system. In particular, there has been a proposal to employ gold as a nominal anchor or asset for the … analyzed in the article. The author describes different historical systems of money, the gold standard and, using concrete … figures, the potential role of gold in backing-up issued money. It is the author’s conviction that the role of gold in the …

with the adjustment mechanism under the classical gold standard. Under the gold standard, countries with external deficits … would experience losses of gold reserves, higher interest rates, lower money and credit growth, and reductions in wages and …

on the experience of the UK in 1925, with the return to the gold standard, and draws a parallel with the current process … economic and political consequences of returning to the gold standard, and the clash on grounds of theory with the prevailing …

The article critically analyzes theoretical arguments in favor of gold standard, the euro and fixed exchange rates that …. 2012. No 11). Monetary systems alternative to the gold standard are considered. It is shown that they are at least as much … supported by liberal economists as the gold standard. The author emphasizes weakness of euro and gold standard and proves …

The purpose of this paper is to contribute a new model of the Gold Standard, focusing on the interaction between … resource scarcity and demographics. In a dynamic micro-founded model we find that: i) prices and equilibrium gold holdings … increase with population (a scale effect), but decrease with the population growth rate; ii) that the Gold Standard implies …

nominal interest rates, is nearly always a gold standard phenomenon. We argue that the Gibson correlation is more accurately … classified as a statistical artifact of commodity money systems, with the gold standard merely representing one such system …

development from primitive forms of money – which needed anchor in a real commodity to gain acceptance, for instance gold, silver … numerous European currencies were based on gold. More fundamentally, money is here viewed as a social relationship, where the … abandoned in the 1930’s. In this light, the Bretton Woods regime (1945-1970), although based on dollar-gold convertibility, is …