tag:blogger.com,1999:blog-4159906646513306121.post6186776231966311659..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: About a (partial) return to the gold standardEconomic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4159906646513306121.post-50247540275684073572011-10-04T08:40:33.007-07:002011-10-04T08:40:33.007-07:00Hello:
Thank you for reviewing our paper.
I wou...Hello:<br /><br />Thank you for reviewing our paper. <br /><br />I would like to make a clarification, which is that we are not really considering a return to the XIXth-century gold standard. Under the gold standard, gold coins and banknotes coexisted at an exchange rate that was fixed by the government. Under the system studied in our paper, the exchange rate between gold coins and banknotes is freely floating. This is new and, to the best of my knowledge, had never been tried until last year.<br /><br />Olivier Ledoit.Olivier Ledoithttps://www.blogger.com/profile/17710603104785205942noreply@blogger.com