Deflation is currently considered as one of the most important threats for macroeconomic dynamics and, thus, it is … that deflation periods necessarily go hand in hand with recessions. Thus, costs of deflation might be much lower than … typically assumed. If for monetary policy makers, a possible conflict of interests between the avoidance of deflation and the …

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 …

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 …

analyze the controversies regarding prices, purchasing power of money and credit, prior to the Gold Standard Act of 1900, in … statistical tests of the exchange equations. Finally, we study the problems and management of the gold standard, focusing on the … elasticity of money supply, the characteristics of the gold exchange standard and the contrast between the fixed price of gold …

Unlike Knut Wicksell, Eli Heckscher did not believe the time had arrived for “managed money” to replace the gold … standard after World War I. The war had shown that only a gold standard could bind the central bank to a time-consistent policy … with reasonable price stability. Heckscher likened the problem of reinstating the gold standard to “Belling the cat” in …

Burgundian rulers ever undertook coinage debasements to remedy these coinage scarcities and to combat deflation (with one minor … prevailing forces of monetary contraction and deflation. At the same time, however, because so many principalities then pursued …, of either the gold or silver coinages, from 1497 to 1686. But they had the luxury of alternative revenues from taxes on …