The postbellum deflation and its lessons for today

Akerlof, 1996, The macroeconomics of low inflation, Brookings Papers on Economic Activity, 1, 1, 10.2307/2534646

Atack, 2000, The farm, the farmer, and the market, 245

Atack, 1994

Atkeson, 2004, Deflation and depression: Is there an empirical link?, American Economic Review, 94, 99, 10.1257/0002828041301588

Balke, 1986, Data appendix, 781

Balke, 1989, The estimation of prewar gross national product: Methodology and new evidence, Journal of Political Economy, 97, 38, 10.1086/261593

Barky, 1987, The Fisher effect and the forecastability and persistence of inflation, Journal of Monetary Economics, 19, 3, 10.1016/0304-3932(87)90026-2

Barsky, 1991, Forecasting pre-world i inflation: The Fisher effect and the gold standard, Quarterly Journal of Economics, 106, 815, 10.2307/2937928

Beckworth, D. (2006). A closer look at benign deflation. Working Paper, Andrews University.

Bernanke, B. (2003). In D. Clement (Ed.), Deflation: Should the fed be concerned? A Minneapolis fed workshop debates the economics of deflation. http://minneapolisfed.org/pubs/region/03-12/deflation.cfm

Bordo, 2005, Deflation and monetary policy in a historical perspective: Remembering the past or being condemned to repeat it?, Economic Policy, 44, 799, 10.1111/j.1468-0327.2005.00151.x

Bordo, 1987

Bordo, 2004, Is deflation depressing? Evidence from the classical gold standard, 191

Borio, 2004, Looking back at the international deflation record, North American Journal of Economics and Finance, 15, 287, 10.1016/j.najef.2004.08.001

Calomiris, 2000

Calomiris, 1991, The origins of banking panics: Models, facts, and bank regulation, 109

Christiano, 1999, Monetary policy shocks: What have learned and to what end?, 65, 10.1016/S1574-0048(99)01005-8

Davis, 2004, An annual index of industrial production, 1790–1915, The Quarterly Journal of Economics, 119, 1177, 10.1162/0033553042476143

Davis, 2006, An improved annual chronology of U.S. business cycles since the 1970s, The Journal of Economic History, 66, 103, 10.1017/S0022050706000040

De Long, 1999, Should we fear deflation?, Brookings Papers on Economic Activity, 1, 225, 10.2307/2534666

Friedman, 1963

Hanes, 1993, The development of nominal wage rigity in the late 19th century, The American Economic Review, 83, 732

Hanes, 1996, Changes in the cyclical behavior of real wage rates, 1870–1990, The Journal of Economic History, 56, 837, 10.1017/S0022050700017496

Homer, 1977

IMF. (2003). Deflation: Determinants, risks, and policy options—Findings of an interdepartmental task force. http://www.imf.org/external/pubs/ft/def/2003/eng/043003.pdf

Johnston, 2003

Keating, 1998, Permanent and transitory shocks in real output: Estimates from nineteenth century and postwar economies, Journal of Money, Credit, and Banking, 30, 231, 10.2307/2601211

Kendrick, 1961

Kendrick, 1961

Mishkin, 1991, Asymmetric information and financial crisis: A historical perspective, 69

Mitchell, 2003

NBER. (2006). Composite wage index, series 08061. Macrohistory Database, NBER Website. http://www.nber.org/databases/macrohistory/contents/

Officer, L. H. (2003). What was the interest rate then? Economic History Services, URL: http://www.eh.net/hmit/interest_rate/

Robertson, 1997, Measuring real and nominal macroeconomic shocks and their international transmission under different monetary systems, Oxford Bulletin of Economics and Statistics, 59, 5, 10.1111/1468-0084.00047

Selgin, 1997

Siegler, 2003, Inflationary expectations and the Fisher effect prior to World War I, Journal of Money, Credit, and Banking, 35, 947, 10.1353/mcb.2003.0047

Shiller, 1977, The Gibson Paradox and historical movements in real interest rates, Journal of Political Economy, 85, 891, 10.1086/260614

Stern, G. H. (2003). Should we accept the conventional wisdom about deflation? Federal Reserve Bank of Minneapolis. The Region. http://minneapolisfed.org/pubs/region/03-09/top9.cfm

Svensson, 2003, Escaping from a liquidity trap and deflation: The foolproof way and others, Journal of Economic Perspectives, 17, 145, 10.1257/089533003772034934

Sylla, 1972, The United States 1863–1913, 232

Wilson, 1990, Financial market panics and volatility in the long run, 1830–1988, 69