Explorations in Monetary History: A Survey of the Literature / Michael D. Bordo.

Format:

Book

Author/Creator:

Bordo, Michael D.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1821.

NBER working paper series no. w1821

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Explorations in Monetary History

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1986.

Summary:

Explorationsin Monetary History: A Survey of the Literature Monetary economists have long been interested in economic history asa laboratory for the testing of theory. This paper surveys recent work in monetary history within the context of the modern quantity theory of money and the new classical macroeconomics. Topics surveyed include: the development of historical monetary statistics and the determinants of money supply and money demand; historical uses of Granger-Sims causality tests of the relationships between money, prices, and output; historical studies of the secular behavior of velocity; the Great Depression; financial crises; historical evidence for the long-run and short-run neutrality of money; the domestic and international aspects of monetary standards. The paper concludes with an evaluation and an agenda for future research.

Notes:

Print version record

1986.