Understanding money using historical evidence

Brzezinski, Adam, Palma, Nuno and Velde, François R. (2024) Understanding money using historical evidence. Annual Review of Economics, 16 (1). 571 - 595. ISSN 1941-1383

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Abstract

Debates about the nature and economic role of money are mostly informed by evidence from the twentieth century, but money has existed for millennia. We argue that there are many lessons to be learned from monetary history that are relevant for current topics of policy relevance. The past is a source of evidence on how money works across different situations, helping to tease out features of money that do not depend on one time and place. A close reading of history also offers testing grounds for models of economic behavior and can thereby guide theories on how money is transmitted to the real economy.

Item Type:	Article
Additional Information:	© 2024 by the author(s)
Divisions:	STICERD School of Public Policy ?? SCPP ??
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory
JEL classification:	E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N10 - General, International, or Comparative
Date Deposited:	09 Sep 2024 11:42
Last Modified:	18 Nov 2024 21:06
URI:	http://eprints.lse.ac.uk/id/eprint/125356

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