Calomiris, Charles W.; Wheelock, David C. - 2022
gold standard, an opening of a a new avenue for monetizing government debt, changes in the structure of the the Federal … direction of policy, along with the departure from gold and the new ment debt produced a new (albeit small) inflationary bias in …. Depression-era changes--especially the departure from the gold standard in 1933 and the relaxation of an important constraint on …