A historical appraisal of monetary regimes, including the gold standard, Bretton Woods, and floating exchange rates, authored by Michael D. Bordo of Rutgers University. The description discusses the comparative incidence of economic shocks, adjustment speeds, and the debate between policy rules and discretion. The dataset's specific format, size, and temporal coverage are not detailed in the provided metadata.
Use Cases
- Comparative analysis of economic shock dispersion across different monetary regimes based on the historical appraisal.
- Modeling the speed of price and output adjustment under fixed versus floating exchange rate systems as discussed in the description.
- Studying the theoretical case for rules versus discretion in monetary policy, referencing the commitment mechanisms described.
- Analyzing the role of escape clauses and contingent rules during financial crises or supply shocks as outlined in the text.
Strengths
- Authored by a recognized academic, Michael D. Bordo, affiliated with Rutgers University.
- Platform tags provide clear topical classification (Monetary Economics, Economics, Keynesian Economics, Gold Standard Test).
Limitations
- Row count, column definitions, and file formats are unknown, limiting suitability assessment.
- Description metadata is limited; actual data quality requires manual inspection after download.
- Last update date is unknown; freshness unverified.
Provenance
- Source
- Michael D. Bordo, Rutgers, The State University of New Jersey