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A Compensated Dollar

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  • Irving Fisher

Abstract

A dollar constant in purchasing power is needed, 214. — The purchasing power of gold varies, 215. — The plan for a compensated dollar, 217. —The use of index numbers, 220. — No change in coinage, 222. — "Brassage" and redemption-bullion, 22. — Two prices of gold, m int-price and redemption-price, 227. — The plan briefly summarized, 228. — Illustration of its working if it had been adopted in 1897, 22.

Suggested Citation

  • Irving Fisher, 1913. "A Compensated Dollar," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 27(2), pages 213-235.
    • Handle: RePEc:oup:qjecon:v:27:y:1913:i:2:p:213-235.
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    File URL: http://hdl.handle.net/10.2307/1881902
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    Citations

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    Cited by:

    1. Loef, Hans E. & Monissen, Hans G., 1999. "Monetary policy and monetary reform: Irving Fisher's contributions to monetary macroeconomics," W.E.P. - Würzburg Economic Papers 11, University of Würzburg, Department of Economics.
    2. Robert J. Shiller, 2006. "Designing Indexed Units of Account," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 11, Edward Elgar Publishing.
    3. Robert J. Shiller, 2002. "Indexed Units of Account: Theory and Assessment of Historical Experience," Central Banking, Analysis, and Economic Policies Book Series, in: Fernando Lefort & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Serie (ed.),Indexation, Inflation and Monetary Policy, edition 1, volume 2, chapter 4, pages 105-134, Central Bank of Chile.
    4. Koichi Hamada & Asahi Noguchi, 2005. "The Role of Preconceived Ideas in Macroeconomic Policy: Japan's Experiences in the Two Deflationary Periods," Working Papers 908, Economic Growth Center, Yale University.
    5. Edwards, Sebastian, 2020. "Change of monetary regime, contracts, and prices: Lessons from the great depression, 1932–1935," Journal of International Money and Finance, Elsevier, vol. 108(C).
    6. Max Gillman, 2021. "Macroeconomic Trends among Visegrád Countries, EU Balkans, and the U.S., 1991-2021," Central European Business Review, Prague University of Economics and Business, vol. 2021(2), pages 1-20.
    7. Young Sik Kim & Manjong Lee, 2011. "Unit of Account, Medium of Exchange, and Prices," Discussion Paper Series 1104, Institute of Economic Research, Korea University.
    8. Koichi Hamada & Asahi Noguchi, 2005. "The role of preconceived ideas in macroeconomic policy: Japan's experiences in two deflationary periods," International Economics and Economic Policy, Springer, vol. 2(2), pages 101-126, November.
    9. Shiller, Robert J., 2013. "Irving Fisher, Debt Deflation, And Crises," Journal of the History of Economic Thought, Cambridge University Press, vol. 35(2), pages 179-183, June.
    10. Sebastian Edwards, 2017. "The London Monetary and Economic Conference of 1933 and the End of the Great Depression," Open Economies Review, Springer, vol. 28(3), pages 431-459, July.
    11. Patrick Collins & Jameel Ahmed & Ahamed Kameel Meera, 2019. "Simulation of the Grondona System of Conditional Currency Convertibility Based on Primary Commodities, Considered as a Means to Resist Currency Crises," JRFM, MDPI, vol. 12(2), pages 1-20, April.
    12. David Laidler & Roger Sandilands, 2010. "Harvard, the Chicago Tradition, and the Quantity Theory: A Reply to James Ahiakpor," History of Political Economy, Duke University Press, vol. 42(3), pages 573-592, Fall.
    13. Michael D. Bordo & Hugh Rockoff, 2011. "The Influence of Irving Fisher on Milton Friedman's Monetary Economics," NBER Working Papers 17267, National Bureau of Economic Research, Inc.
    14. Ho, Lok Sang, 2018. "In search of a unit of stable global purchasing power," International Review of Economics & Finance, Elsevier, vol. 56(C), pages 99-108.
    15. Anna J. Schwartz, 1984. "Introduction to "A Retrospective on the Classical Gold Standard, 1821-1931"," NBER Chapters, in: A Retrospective on the Classical Gold Standard, 1821-1931, pages 1-22, National Bureau of Economic Research, Inc.
    16. Kim, Young Sik & Lee, Manjong, 2017. "Money, unit of account, and nominal rigidity," Economics Letters, Elsevier, vol. 160(C), pages 59-63.

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