Use the AIER Custom Search to find articles and research published on a specific date. If you are looking for a range of dates and / or keyword, please choose Advanced Search below.

Advanced Search

Found 6 Results
Page 1 of 1
Lucio Saverio-Eastman

How the Gold Standard Worked, 1880-1913

“This essay reinterprets the gold standard by applying the monetary theory of the balance of payments to the experience of the two most important countries on it, America and Britain. Before explaining, testing and using the theory in detail, it will be useful to indicate a few of the ways in which accepting it will […]

READ MORE


Lucio Saverio-Eastman

“Sound Money the Safeguard of Labor”

“This government is now on a gold basis; that is to say, the nation stands pledged to redeem all its debts or obligations in gold. This is not the result of arbitrary legislation on our part, but a necessity imposed by the demands of trade and commerce. Foreign purchasers of American products pay in gold, […]

READ MORE


Lucio Saverio-Eastman

“Capital Theory, Inflation, and Deflation: The Austrians and Monetary Disequilibrium Theory Compared”

“It can be argued that two apparently divergent macroeconomic schools of thought that have persisted in the history of economics are both part of a larger theoretical view which is capable of meeting most of these criteria. The Austrian theory of the trade cycle as described by Ludwig von Mises (1912, 1966) and F. A. […]

READ MORE


Lucio Saverio-Eastman

“Another Perspective on the Effects of Inflation Uncertainty”

This paper examines the effects of inflation uncertainty on real economic activityb y utilizing a flexible, dynamic,m ultivariatef rameworkt hata ccom-modates possible interaction between the conditional means and variances. The empirical model is based on a familiar identified vector autoregressive framework, modified to accommodate multivanate generalized autoregressive conditional heteroskedasticity Our empirical model is preferred to […]

READ MORE


Lucio Saverio-Eastman

“The Cost of Inflation Revisited”

“Neoclassical treatments of inflation understate the costs associated with inflation, even at very low levels. A comparative institutions perspective that recognizes the epistemological properties of prices and the institutional process by which inflation takes place, reveals the costs of inflation to be both larger and more widespread than standard treatments suggest. This paper makes use […]

READ MORE


Lucio Saverio-Eastman

“Stock Returns, Real Activity, Inflation and Money”

“There is much evidence that common stock returns and inflation have been negatively related during the post-1953 period. Zvi Body, Jeffrey Jaffe and Gershon Mandelker, Charles Nelson, and my article with G. William Schwert document negative relations between between stock returns and both the expected and unexpected components of inflation. These results are puzzling given […]

READ MORE


Page 1 of 1