13. War, Prices, and Interest Rates: A Martial Solution to Gibson's Paradox

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface xi
4. Introduction 1
5. PART I. The Gold Standard as Interpreted in Traditional and Revisionist Works
6. 1. The Gold Standard: The Traditional Approach 23
7. 2. The Success of Purchasing-Power Parity: Historical Evidence and Its Implications for Macroeconomics 121
8. PART II. Technical Procedures: Rules of the Game
9. 3. The Bank of England and the Rules of the Game under the International Gold Standard: New Evidence 173
10. 4. Bank of England Operations, 1893-1913 203
11. 5. The Gold Standard and the Bank of England in the Crisis of 1847 233
12. PART III. International Experience in the Operation of the Gold Standard
13. 6. Canada and the Interwar Gold Standard, 1920-35: Monetary Policy without a Central Bank 277
14. 7. Operations of the German Central Bank and the Rules of the Game, 1879-1913 311
15. 8. Swedish Experience under the Classical Gold Standard, 1873-1914 361
16. 9. Italy in the Gold Standard Period, 1861-1914 405
17. PART IV. International Linkages under the Gold Standard
18. 10. The Gold Standard and the Transmission of Business Cycles, 1833-1932 455
19. 11. Real Output and the Gold Standard Years, 1830-1913 513
20. 12. Canada without a Central Bank: Operation of the Price-Specie-Flow Mechanism, 1872-1913 547
21. PART V. The Gold Standard as a Stabilizer of Commodity Prices
22. 13. War, Prices, and Interest Rates: A Martial Solution to Gibson's Paradox 587
23. 14. Some Evidence on the Real Price of Gold, Its Costs of Production, and Commodity Prices 613
24. 15. The Image of the Gold Standard 651
25. Participants 671
26. Author Index 675
27. Subject Index 678