TY  - CHAP
AB  - The gold-buying program of 1933 is often viewed as a relatively minor episode in U.S. monetary history. On closer examination, however, the program can be seen as a fascinating example of using a gold price target to conduct discretionary monetary policy. In many respects similar to Irving Fisher's famous “Compensated Dollar Plan”, the program was abandoned before it had achieved the administration's goal of returning commodity prices to pre-Depression levels. Monetary historians appear to have misunderstood the fundamental nature of the gold-buying program and thus underestimated the program's effectiveness.
VL  - 20
SN  - 978-1-84950-132-3, 978-0-76230-837-8/0363-3268
DO  - 10.1016/S0363-3268(01)20005-6
UR  - https://doi.org/10.1016/S0363-3268(01)20005-6
AU  - Sumner Scott
PY  - 2001
Y1  - 2001/01/01
TI  - Roosevelt, Warren, and the gold-buying program of 1933
T2  - Research in Economic History
T3  - Research in Economic History
PB  - Emerald Group Publishing Limited
SP  - 135
EP  - 172
Y2  - 2024/04/23
ER  -