Gold Monetization and Gold Discipline

Robert P. Flood and Peter Garber

Chapter 10 in The Reconstruction of International Monetary Arrangements, 1987, pp 183-211 from Palgrave Macmillan

Abstract: Abstract Gold and its price have emerged as frequent topics of both academic and government debate.2 Public attention, focused on the gold market since gold’s price began fluctuating violently in 1980 and 1981, has turned to gold as a possible means of removing some discretion inherent in the current fiat money system. Since lack of adherence to monetary rules can lead to problems of dynamic policy inconsistency, academic economists have begun seriously to reconsider monetary standards based either on gold or on some other commodity as politically feasible methods of establishing rules.3

Date: 1987
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Related works:
Journal Article: Gold Monetization and Gold Discipline (1984)
Working Paper: Gold monetization and gold discipline (1981)
Working Paper: Gold Monetization and Gold Discipline (1980)
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DOI: 10.1007/978-1-349-18513-9_11

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