Article
The Gold Standard and the Transmission of Business Cycles, 1833-1932
A Retrospective on the Classical Gold Standard, 1821-1931
Document Type
Conference Proceeding
Disciplines
Conference
NBER Conference 1984
Publication Version
Published Version
Publication Date
1-1-1984
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.
Copyright Owner
University of Chicago Press
Copyright Date
1984
Language
en
File Format
application/pdf
Citation Information
Wallace E. Huffman and James R. Lothian. "The Gold Standard and the Transmission of Business Cycles, 1833-1932" A Retrospective on the Classical Gold Standard, 1821-1931 (1984) p. 455 - 507 Available at: http://works.bepress.com/wallace-huffman/123/
This is a proceeding from NBER Conference (1984): 455. Posted with permission.