Newby, Elisa - Centre for Dynamic Macroeconomic Analysis, University … - 2007
, E4, E5, N13
Keywords: Gold standard, Suspension of Cash Payments, Monetary
policy, Monetary regimes
1 … creation�2 had not been placed in their hands and the Bank did
not use in�ationary monetary policy extensively. The government … the payments immediately after the war be seen as evidence of dis-
cretionary policy-making? In this paper I suggest that …