Price stability and inflation persistence during the international gold standard: The Scandinavian case

Ola Grytten () and John Hunnes

No 2009/20, Working Paper from Norges Bank

Abstract: In the 1870s the three Scandinavian countries Denmark, Norway and Sweden formed the Scandinavian Currency Union. Both the adoption of gold and the monetary union were supposed to lead to price stability in and between these countries. By drawing on new indices of consumer prices the present paper offers an examination of inflation dynamics, defined as price stability and inflation persistence, in the periphery of Scandinavia during the heyday of the international gold standard.

Keywords: Currency union; Gold Standard; Inflation persistence; Price stability; Scandinavia (search for similar items in EconPapers)
JEL-codes: E31 E42 N13 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2009-11-11
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:bno:worpap:2009_20

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