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

  • Bordo, Michael D.
  • Jonung, Lars

    ()

    (Dept. of Economics, Stockholm School of Economics)

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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Paper provided by Stockholm School of Economics in its series SSE/EFI 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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The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden

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