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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, 1977. "The monetarist controversy; or, should we forsake stabilization policies?," Economic Review, Federal Reserve Bank of San Francisco, issue Spr suppl, pages 27-46.
    2. 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.
    3. Franco Modigliani, 1964. "Some Empirical Tests of Monetary Management and of Rules versus Discretion," Journal of Political Economy, University of Chicago Press, vol. 72, pages 211-211.
    4. 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.
    5. M. Bronfenbrenner, 1961. "Statistical Tests of Rival Monetary Rules," Journal of Political Economy, University of Chicago Press, vol. 69, 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, 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. 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.
    2. 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.
    3. 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.

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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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