Gold and Gibson’s Paradox

When I wrote about my gold model last year, I discussed Gibson’s Paradox and a paper from 1988 by Larry Summers and Robert Barsky. My model is largely based on the ideas from that paper.

Strangely enough, that paper is getting some attention today. Paul Krugman writes about gold prices on his blog today. At the end of the post, Larry Summers alerts him to the 1988 paper. Tyler Cowen also highlights the paper.

Posted by on September 7th, 2011 at 12:08 pm


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