The Role of the Gold Standard in Keynesian Monetary Theory
Journal article by
Scott Sumner; Economic Inquiry, Vol. 37, 1999
Subjects:
...international gold standard regime as the critical factor in the formation of Keynesian macroeconomics. Given the fact that Leijonhufvuds analysis coincided with the end of a 89-year period during which the dollar price of gold was adjusted only once, it...