Counterfactual Pandemic under Gold Standard

Brendan Brown () and Philippe Simonnot ()

Chapter Chapter 10 in Bad Money, 2025, pp 81-86 from Springer

Abstract: Abstract It is useful to challenge oneself and ask a key counterfactual question towards understanding the full extraordinary symptoms of malaise, some bizarre, experienced under the contemporary dominant monetary regime. In our dialogue, we (the authors) delighted in the power of counterfactual analysis even as it encounters severe limits as to what is possible. In this case, as to examining what was wrong with pandemic era monetary policy in the US (and in Europe/Japan), howe would it have been if the shocks to the system under consideration (war, pandemic, great recession, economic war, for example) had occurred under the gold standard? We can then compare what has happened under the 2% inflation standard or any other bad money regime with the outcome under a sound money regime.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-95425-2_10

Ordering information: This item can be ordered from
http://www.springer.com/9783031954252

DOI: 10.1007/978-3-031-95425-2_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().