Campus Units

Economics

Document Type

Conference Proceeding

Conference

NBER Conference 1984

Publication Version

Published Version

Publication Date

1984

Journal or Book Title

A Retrospective on the Classical Gold Standard, 1821-1931

First Page

455

Last Page

507

Conference Title

NBER Conference 1984

Conference Date

1984

Abstract

Descriptions of the gold standard have stressed two very different aspects of that monetary system. Modern observers, concerned with high and rising rates of inflation, have written enthusiastically and often nostalgically of the longer-term price stability that existed during the gold standard era. Many other economists during the past century and a half, however, have rendered a less kindly judgment, emphasizing instead the frequent and sometimes severe business contractions that characterized the period as well as the substantial shorter- and intermediate-term swings in the price level.

Comments

This is a proceeding from NBER Conference (1984): 455. Posted with permission.

Copyright Owner

University of Chicago Press

Language

en

File Format

application/pdf

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