DD3.txt - Part 1 The efficiency of the gold standard Part 2 The determination of the price level under the gold standard Part 3 The Monetary Approach to

DD3.txt - Part 1 The efficiency of the gold standard Part 2...

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Part 1. The efficiency of the gold standard. Part 2. The determination of the price level under the gold standard. Part 3. The Monetary Approach to the Balance of Payments vs. the Price-Specie Flow Mechanism Part 4. Gold standard interpretations of the Great Depression. I don t have a timeline for when these will be posted, but it is my hope to have them posted in a timely fashion so that they can get the appropriate readership. With that being said, let s get started with Part 1: The efficiency of the gold standard. Some people define the gold standard in their own particular way. I want to use as broad of a definition as possible. So I will define the gold standard as any monetary system in which the unit of account (e.g. the dollar) is defined as a particular quantity of gold. This definition is broad enough to encapsulate a
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  • Fall '15
  • DR. Aimal

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