Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5069076 | Explorations in Economic History | 2008 | 6 Pages |
Abstract
This note draws attention to an important data error that is at the center of our paper “Gold Shocks, Liquidity, and the United States Economy during the National Banking Era” (this journal 1998). The gold stock series we used was compiled from the annual reports of the US Treasury, which contains a large drop between May and June, 1907. This drop was an error. We redo our original statistical work with a revised series. Our results are robust to the new gold stock series.
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Authors
Ellis W. Tallman, Jon R. Moen,