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The Importance of Stable Money: Theory and Evidence

In: Money in Historical Perspective

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  • Michael D. Bordo
  • Anna J. Schwartz

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  • Michael D. Bordo & Anna J. Schwartz, 1987. "The Importance of Stable Money: Theory and Evidence," NBER Chapters, in: Money in Historical Perspective, pages 255-270, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:7505
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    References listed on IDEAS

    as
    1. Franco Modigliani, 1964. "Some Empirical Tests of Monetary Management and of Rules versus Discretion," Journal of Political Economy, University of Chicago Press, vol. 72(3), pages 211-211.
    2. Warburton, Clark, 1958. "Variations in Economic Growth and Banking Developments in the United States From 1835 to 1885," The Journal of Economic History, Cambridge University Press, vol. 18(3), pages 283-297, September.
    3. Franco Modigliani, 1977. "The monetarist controversy; or, should we forsake stabilization policies?," Economic Review, Federal Reserve Bank of San Francisco, issue Spr suppl, pages 27-46.
    4. Poole, William, 1975. "The Relationship of Monetary Decelerations to Business Cycle Peaks: Another Look at the Evidence," Journal of Finance, American Finance Association, vol. 30(3), pages 697-712, June.
    5. M. Bronfenbrenner, 1961. "Statistical Tests of Rival Monetary Rules," Journal of Political Economy, University of Chicago Press, vol. 69(1), pages 1-1.
    6. M. Bronfenbrenner, 1961. "Statistical Tests of Rival Monetary Rules: Quarterly Data Supplement," Journal of Political Economy, University of Chicago Press, vol. 69(6), pages 621-621.
    7. Brunner, Karl & Cukierman, Alex & Meltzer, Allan H., 1980. "Stagflation, persistent unemployment and the permanence of economic shocks," Journal of Monetary Economics, Elsevier, vol. 6(4), pages 467-492, October.
    8. Robert J. Gordon, 1979. "New Evidence That Fully Anticipated Monetary Changes Influence Real Output After All," NBER Working Papers 0361, National Bureau of Economic Research, Inc.
    9. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
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    Cited by:

    1. Michael Bordo, 2000. "Sound Money and Sound Financial Policy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(2), pages 129-155, December.
    2. James R. Lothian & George S. Tavlas, 2018. "How Friedman and Schwartz Became Monetarists," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 757-787, June.
    3. Azad, Nahiyan Faisal & Serletis, Apostolos, 2022. "A century and a half of the monetary base-stock market relationship," The Quarterly Review of Economics and Finance, Elsevier, vol. 85(C), pages 118-124.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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