The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Bullionist Controversies (Empirical Evidence)

  • Lawrence H. Officer
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1970

Abstract

There are three historical episodes in which bullionist–anti-bullionist macroeconomic debates occurred: Sweden (1745–76), England (1797–1821), and Ireland (1797–1821). Expressing the bullionist and anti-bullionist models as chains of causation facilitates presentation of empirical studies of the experiences. As a group, the studies suggest that the anti-bullionist position is more supported by the empirical evidence.

Keywords

Bank of England Bank or Ireland Bank Restriction Period Bullionist controversies Cointegration Continental System Copper standard Fixed exchange rates Floating exchange rates Gold standard Granger causality Monetarism Monetary base Purchasing power parity Quantity theory of money Real bills doctrine Riksbank Silver standard Spurious regressions Time series analysis 

JEL Classifications

N2 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Lawrence H. Officer
    • 1
  1. 1.