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monetary base. We find then that our rule best describes M0 and M1 before 1990 and only the call rate after 1990. Moreover …
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monetary base. We find then that our rule best describes M0 and M1 before 1990 and only the call rate after 1990. Moreover …
Persistent link: https://www.econbiz.de/10011398268
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The classical gold standard era from 1880 to 1914, when most countries of the world defined their currencies in terms of a fixed weight (which is equivalent to a fixed price) of gold and hence adhered to a fixed exchange rate standard, has been regarded by many observers as a most admirable...
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