Gold monetization and gold discipline

Article, Preprint OPEN
Robert P. Flood; Peter M. Garber;
  • Journal: Journal of Political Economy,volume 92,issue 1 February,pages90-107
  • Related identifiers: doi: 10.1086/261209

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 given future time and at the then prevailing nominal price. Price movements are analyzed both during the transition to the gold standard and during the... View more
  • References (6)

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    Flood, Robert and Peter Garber, "Market Fundamentals vs. Price Level Bubbles: The First Tests," Journal of Political Economy, forthcoming, August, 1980.

    Friedman, Milton and Anna Schwartz, A Monetary History of the United States, 1867-1960, Princeton: Princeton University Press, 1963.

    Krugman, Paul, "A Model of Balance-of-Payments Crises", Journal of Money, Credit, and Banking, XI, no. 3, August, 1979, 311-325.

    Laffer, Arthur, "Making the Dollar 'as Good as Gold'" Los Angeles Times, October 30, 1979.

    Salant, Steven and Dale Henderson, "Market Anticipations of Government Policies and the Price of Cold," Journal of Political Economy, Vol. 86, no. 4, (August, 1978), 627-648.

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