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The worldwide change in the behavior of interest rates and prices in 1914
dc.contributor.authorBarsky, Robert B.en_US
dc.contributor.authorMankiw, N. Gregoryen_US
dc.contributor.authorMiron, Jeffrey A.en_US
dc.contributor.authorWeill, David N.en_US
dc.date.accessioned2006-04-07T20:18:28Z
dc.date.available2006-04-07T20:18:28Z
dc.date.issued1988-06en_US
dc.identifier.citationBarsky, Robert B., Mankiw, N. Gregory, Miron, Jeffrey A., Weill, David N. (1988/06)."The worldwide change in the behavior of interest rates and prices in 1914." European Economic Review 32(5): 1123-1147. <http://hdl.handle.net/2027.42/27286>en_US
dc.identifier.urihttp://www.sciencedirect.com/science/article/B6V64-45F62GF-C/2/4062c5c04c4c0197e2749d98dbabec93en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/27286
dc.description.abstractThis paper evaluates the role of the destruction of the gold standard and the founding of the Federal Reserve, both of which occured in 1914, in contributing to observed changes in the behavior of interest rates and prices after 1914. The paper presents a model of policy coordination in which the introduction of the Fed stabilizes interest rates, even it the gold standard remains intact, and it offers empirical evidence that the dismantling of the gold standard did not play a crucial role in precipitating the changes in interest rate behavior.en_US
dc.format.extent1077379 bytes
dc.format.extent3118 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherElsevieren_US
dc.titleThe worldwide change in the behavior of interest rates and prices in 1914en_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumUniversity of Michigan, Ann Arbor, MI 48109, USAen_US
dc.contributor.affiliationumUniversity of Michigan, Ann Arbor, MI 48109, USAen_US
dc.contributor.affiliationotherHarvard University, Cambridge, MA 02138, USAen_US
dc.contributor.affiliationotherHarvard University, Cambridge, MA 02138, USAen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/27286/1/0000305.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1016/0014-2921(88)90071-2en_US
dc.identifier.sourceEuropean Economic Reviewen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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