@techreport{NBERw1821, title = "Explorations in Monetary
History: A Survey of the Literature", author = "Michael D.
Bordo", institution = "National Bureau of Economic Research",
type = "Working Paper", series = "Working Paper Series", number
= "1821", year = "1987", month = "October", URL =
"http://www.nber.org/papers/w1821", abstract = {Explorationsin
Monetary History: A Survey of the Literature Monetary economists
have long been interested in economic history asa laboratory for
the testing of theory. This paper surveys recent work in
monetary history within the context of the modern quantity
theory of money and the new classical macroeconomics. Topics
surveyed include: the development of historical monetary
statistics and the determinants of money supply and money
demand; historical uses of Granger-Sims causality tests of the
relationships between money, prices, and output; historical
studies of the secular behavior of velocity; the Great
Depression; financial crises; historical evidence for the long-
run an