A "Gold Standard" Isn't Viable Unless Supported by Sufficiently FlexibleMonetary and Fiscal Policy
收藏NBER1986-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1903
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资源简介：
The paper studies an idealized gold standard in a two-country setting. Without flexible national domestic credit expansion (dce)policies which offset the effect of money demand shocks on international gold reserves, the gold standard collapses with certainty in finite time through a speculative
提供机构：
美国国家经济研究局
创建时间：
1986-04-01
