We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …

The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that … offers the same answers on the minor role of prices in static macroeconomics. In spite of this, the New Neoclassical … the search for not just better answers, but for new questions regarding prices in a monetary theory. …

premises. To wit, he maintains that pure market processes such as a gold discovery can "distort" prices and interest rates, and …

premises. To wit, he maintains that pure market processes such as a gold discovery can "distort" prices and interest rates, and …

do not cause bank runs because nominal deposits allow consumption to adjust efficiently with prices. Currency withdrawals …

falling prices really that bad? According to the Austrian School of Economics, this is not necessarily the case. A distinction … the first three kinds, falling prices are regarded as benign free market responses to changing circumstance, whether these … the Japanese economy of 1990-2001 is revisited. While consumer prices fell in 1995 and 1999-2001, if other prices are …

movements in current prices and interest rates that are synchronized across countries even when output is not. Even modest …

rejection. Actions which in the absence of such money, have little influence on total spending, output and prices, on the …