Price Stability and Inflation Persistence During the International Gold Standard: The Scandinavian Case

33 Pages Posted: 20 Feb 2010 Last revised: 23 Feb 2010

See all articles by Ola Honningdal Grytten

Ola Honningdal Grytten

Institutt for samfunnsøkonomi / Department of Economics Norges Handelshøyskole / Norwegian School of Economics

John A. Hunnes

University of Agder - School of Business and Law

Date Written: June 23, 2009

Abstract

In the 1870s the three Scandinavian countries Denmark, Norway and Sweden formed the Scandinavian Currency Union. Both the adoption of gold and the monetary union were supposed to lead to price stability in and between these countries. By drawing on new indices of consumer prices the present paper offers an examination of inflation dynamics, defined as price stability and inflation persistence, in the periphery of Scandinavia during the heyday of the international gold standard.

Suggested Citation

Grytten, Ola Honningdal and Hunnes, John Arngrim, Price Stability and Inflation Persistence During the International Gold Standard: The Scandinavian Case (June 23, 2009). NHH Dept. of Economics Discussion Paper No. 6/2009. Available at SSRN: https://ssrn.com/abstract=1554811 or http://dx.doi.org/10.2139/ssrn.1554811

Ola Honningdal Grytten (Contact Author)

Institutt for samfunnsøkonomi / Department of Economics Norges Handelshøyskole / Norwegian School of Economics ( email )

Helleveien 30
N-5035 Bergen
Norway

John Arngrim Hunnes

University of Agder - School of Business and Law ( email )

Norway
47 38 14 15 14 (Phone)

HOME PAGE: http://sites.google.com/site/ahunnes/

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