Bordo, Michael D. (contributor); … - 2003 - [Elektronische Ressource], rev
a desired path.
KEYWORDS: Gold standard; compensated dollar; inflation targeting.
JEL CLASSIFICATION: E31, E42 … demonstrate that pure inflation targeting in a paper money standard
can deliver as much price stability as a commodity standard … or inflation
targeting is still an order of magnitude greater than is possible under Fisher’s
compensated dollar …