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Monetary Regimes, Inflation and Monetary Reform: An Essay in Honor of Axel Leijonhufvud

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Author Info

  • Bordo, Michael D.
  • Jonung, Lars

    ()
    (Dept. of Economics, Stockholm School of Economics)

Abstract

Axel Leijonhufvud has written extensively on monetary regimes and monetary reform. His contributions in these fields are examined here using evidence from 15 countries over the past century with respect to their experiences of various monetary regimes. The performance of both nominal and real variables are compared to the predictions of Leijonhufvud's theoretical writings. We conclude that our findings are consistent with these predictions.

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Bibliographic Info

Paper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 16.

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Length: 86 pages
Date of creation: May 1994
Date of revision:
Publication status: Published in Inflation, Institutions and Information. Essays in Honor of Axel Leijonhufvud, Vaz, D., Velupilla, K. (eds.), 1996, Macmillan Press Ltd.
Handle: RePEc:hhs:hastef:0016

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Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden
Phone: +46-(0)8-736 90 00
Fax: +46-(0)8-31 01 57
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Web page: http://www.hhs.se/
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Keywords: Monetary regimes and standards; inflation;

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References

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Citations

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Cited by:
  1. Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," NBER Working Papers 8584, National Bureau of Economic Research, Inc.
  2. Michael Bordo & Christopher Meissner, 2005. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," NBER Working Papers 11173, National Bureau of Economic Research, Inc.
  3. Maurice Obstfeld & Alan M. Taylor, 2002. "Globalization and Capital Markets," NBER Working Papers 8846, National Bureau of Economic Research, Inc.
  4. Maurice Obstfeld & Alan M. Taylor & ), 2003. "Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31," International Trade 0303001, EconWPA.
  5. Hugh Rockoff & Michael D. Bordo, 1996. "The Gold Standard as a "Good Housekeeping Seal of Approval"," Departmental Working Papers 199528, Rutgers University, Department of Economics.
  6. Michael D. Bordo & Christopher M. Meissner, 2005. "The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997," NBER Working Papers 11897, National Bureau of Economic Research, Inc.
  7. Michael D. Bordo & Christopher M. Meissner, 2007. "Financial Crises, 1880–1913: The Role of Foreign Currency Debt," NBER Chapters, in: The Decline of Latin American Economies: Growth, Institutions, and Crises, pages 139-194 National Bureau of Economic Research, Inc.
  8. Michael D. Bordo & Anna J. Schwartz, 1997. "The Specie Standard as a Contingent Rule: Some Evidence for Core and Peripheral Countries, 1880-1990," NBER Working Papers 4860, National Bureau of Economic Research, Inc.

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