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The paper is a study of the price level and relative price effects of a policy to monetize gold and fix its price at a … gold standard and during the post-monetization period. The paper also explores the adjustments to fiat money which are … necessary to ensure that this type of gold monetization is non-inflationary. Finally, some conditions which produce a run on the …
Persistent link: https://www.econbiz.de/10012478590
The paper is a study of the price level and relative price effects of a policy to monetize gold and fix its price at a … gold standard and during the post-monetization period. The paper also explores the adjustments to fiat money which are … necessary to ensure that this type of gold monetization is non-inflationary. Finally, some conditions which produce a run on the …
Persistent link: https://www.econbiz.de/10013310026
Persistent link: https://www.econbiz.de/10011550246
Persistent link: https://www.econbiz.de/10003930694
Since the XIX century, technological progress has allowed commercial banks to create ever greater amounts of broad money and credit starting from a unit of monetary base. Crucially, however, at the very low frequencies the relative amounts of the two aggregates created out of a unit of base...
Persistent link: https://www.econbiz.de/10012610410
based on gold: circumstances which have resonance with the world of today. We identify aggregate supply, aggregate demand …
Persistent link: https://www.econbiz.de/10013237965
based on gold: circumstances which have resonance with the world of today. We identify aggregate supply, aggregate demand …
Persistent link: https://www.econbiz.de/10012468365
Persistent link: https://www.econbiz.de/10014293249
Persistent link: https://www.econbiz.de/10000867371