Details

Autor(en) / Beteiligte

• Bordo, Michael
• Rockoff, Hugh

Titel

ADAM SMITH AS A MODEL FOR THE MODERN MONETARY-POLICY ECONOMIST

Ist Teil von

• National Institute economic review, 2023-10, Vol.265, p.61-69

Ort / Verlag

London: Cambridge University Press

Erscheinungsjahr

2023

Link zum Volltext

Quelle

PAIS Index

Beschreibungen/Notizen

• Abstract A key insight from Adam Smith is that economists should base their conclusions about a monetary institution or policy on a careful study of the history of that institution or policy, a study that includes the experiences of other countries. To illustrate Smith’s reliance on financial history we cover five current monetary problems that have close analogies with problems that Smith discussed: (1) inflation, (2) banking panics, (3) public debt, (4) usury laws, (5) central bank digital currencies.