| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19008 |
| 来源ID | Working Paper 19008 |
| Fiscal Discriminations in Three Wars | |
| George J. Hall; Thomas J. Sargent | |
| 发表日期 | 2013-05-02 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | In 1790, a U.S. paper dollar was widely held in disrepute (something shoddy was not 'worth a Continental'). By 1879, a U.S. paper dollar had become 'as good as gold.' These outcomes emerged from how the U.S. federal government financed three wars: the American Revolution, the War of 1812, and the Civil War. In the beginning, the U.S. government discriminated greatly in the returns it paid to different classes of creditors; but that pattern of discrimination diminished over time in ways that eventually rehabilitated the reputation of federal paper money as a store of value. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Fiscal Policy ; Public Economics ; National Fiscal Issues ; History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w19008 |
| 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/576682 |
| 推荐引用方式 GB/T 7714 | George J. Hall,Thomas J. Sargent. Fiscal Discriminations in Three Wars. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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