Gibson's Paradox and the Gold Standard
收藏NBER1985-08-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w1680
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资源简介:
This paper provides a new explanation for Gibson's Paradox -- the observation that the price level and the nominal interest rate were positively correlated over long periods of economic history. We explain this phenomenon interms of the fundamental workings of a gold standard. Under a gold standard,
提供机构:
美国国家经济研究局
创建时间:
1985-08-01



