| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17123 |
| 来源ID | Working Paper 17123 |
| Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer? | |
| Richard C.K. Burdekin; Kris James Mitchener; Marc D. Weidenmier | |
| 发表日期 | 2011-06-16 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | The question of price level versus inflation targeting remains controversial. Disagreement concerns, not so much the desirability of price stability, but rather the means of achieving it. Irving Fisher argued for a commodity dollar standard where the purchasing power of money was fixed by indexing it to a basket of commodities. We show that movements in the price of silver closely track the movements in overall prices during the classical gold standard era. The one-to-one relationship between paper and silver bonds suggests that a simple "silver rule" could have sufficed to fix the purchasing power of money. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Monetary Policy ; History ; Macroeconomic History ; Labor and Health History |
| URL | https://www.nber.org/papers/w17123 |
| 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/574797 |
| 推荐引用方式 GB/T 7714 | Richard C.K. Burdekin,Kris James Mitchener,Marc D. Weidenmier. Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?. 2011. |
| 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 | ||
| w17123.pdf（196KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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