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

Michael Bordo () and Lars Jonung ()

No 16, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: 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.

Keywords: Monetary regimes and standards; inflation (search for similar items in EconPapers)
JEL-codes: E42 (search for similar items in EconPapers)
Date: 1994-05
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Published in Inflation, Institutions and Information. Essays in Honor of Axel Leijonhufvud, Vaz, D., Velupilla, K. (eds.), 1996, Macmillan Press Ltd.

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