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Price stability and inflation persistence during the international gold standard : the Scandinavian case

Grytten, Ola Honningdal; Hunnes, Arngrim
Working paper
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URI
http://hdl.handle.net/11250/163186
Date
2009-06
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  • Discussion papers (SAM) [676]
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.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2009:6

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