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The imbalances of the Bretton Woods system 1965 to 1973 : U.S. inflation, the elephant in the room

Bordo, Michael D. - 2018

Persistent link: https://www.econbiz.de/10011981874

The imbalances of the Bretton Woods system 1965 to 1973 : U.S. inflation, the elephant in the room

Bordo, Michael D. - In: Open economies review 31 (2020) 1, pp. 195-211

Persistent link: https://www.econbiz.de/10012229712

The Imbalances of the Bretton Woods System 1965 to 1973 : U.S. Inflation, The Elephant in the Room

Bordo, Michael D. - 2018

This paper argues that the key deep underlying fundamental for the growing international imbalances leading to the collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by expansionary fiscal and monetary policies--the elephant in...

Persistent link: https://www.econbiz.de/10012481056

The defining moment : the Great Depression and the American economy in the twentieth century

Bordo, Michael D. (ed.); Goldin, Claudia (ed.); … - 1998

Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four …, and the changing international economy. The central focus across the chapters is the well-known alternations to national … economy, while not omitting reference to the 1930s. The essays consider whether New Deal-style legislation continues to …