| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3367 |
| 来源ID | Working Paper 3367 |
| The Gold Standard as a Rule | |
| Michael D. Bordo; Finn E. Kydland | |
| 发表日期 | 1990-05-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | In this paper, we show that the monetary rule followed by a number of key countries, especially England and to a lesser extent the U. S., before 1914 represented a commitment technology preventing the monetary authorities from changing planned future policy. The experiences of these major countries suggest that the gold standard was intended as a contingent rule. By that, we mean, that the authorities could temporarily abandon the fixed price of gold during a wartime emergency on the understanding that convertibility at the original price of gold would be restored when the emergency passed. The experiences of other countries, however, suggest that the gold standard rule was often viewed more as a desirable goal than an operational constraint. |
| 主题 | Macroeconomics ; International Economics |
| URL | https://www.nber.org/papers/w3367 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560656 |
| 推荐引用方式 GB/T 7714 | Michael D. Bordo,Finn E. Kydland. The Gold Standard as a Rule. 1990. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3367.pdf（407KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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