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The Economic Research Institute, Stockholm School of Economics SSE/EFI Working Paper Series in Economics and Finance

No 16:
Monetary Regimes, Inflation and Monetary Reform: An Essay in Honor of Axel Leijonhufvud

Michael D. Bordo and Lars Jonung ()

Abstract: Axel Leijonhufvud has written extensively on monetary regimes and monetary reform. His contributions in these fields are examined here using evidence from 15 countries over the past century with respect to their experiences of various monetary regimes. The performance of both nominal and real variables are compared to the predictions of Leijonhufvud's theoretical writings. We conclude that our findings are consistent with these predictions.

Keywords: Monetary regimes and standards; inflation; (follow links to similar papers)

JEL-Codes: E42; (follow links to similar papers)

86 pages, May 1994

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This paper is published as:
Bordo, Michael D. and Lars Jonung, (1996), 'Monetary Regimes, Inflation and Monetary Reform: An Essay in Honor of Axel Leijonhufvud' in Vaz, D. and K. Velupilla (eds.) Inflation, Institutions and Information. Essays in Honor of Axel Leijonhufvud, Macmillan Press Ltd.



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