The Standard of Living Debate, Rational Expectations, and Neutrality

Article Abstract:

British data is used to determine if the time paths of real wages and prices during the industrial revolution are consistent with rational expectations. Corroboration is found that prices caused real wages from 1790-1850. The economy at the time was quite competitive.

Author: Modest, D.M., Smith, B.D.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1983
United Kingdom, Economic development

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

Bank runs and currency run in a system without a safety net: Argentina and the 'tequila' shock

Article Abstract:

A new study investigates the information-based theory and random withdrawals theory of bank runs, focusing on the shock to the Argentinian banking system at the time of Mexican devaluation.

Author: Schumacher, Liliana
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2000
Research, Bank runs

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

Long-run neutrality, high inflation, and bank insolvencies in Argentina and Brazil

Article Abstract:

Research is presented describing the impact on inflation of bank insolvencies and economic controls in Brazil and Argentina over a long run neutrality.

Author: Sang-Kun Bae, Ratti, Ronald
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2000
Economic research, Brazil, Economic history

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Economic aspects, Argentina
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.