{"id":"https://openalex.org/W2016406004","doi":"https://doi.org/10.2307/1925497","title":"The Gibson Paradox and the Monetary Standard","display_name":"The Gibson Paradox and the Monetary Standard","publication_year":1986,"publication_date":"1986-05-01","ids":{"openalex":"https://openalex.org/W2016406004","doi":"https://doi.org/10.2307/1925497","mag":"2016406004"},"language":"en","primary_location":{"id":"doi:10.2307/1925497","doi":"https://doi.org/10.2307/1925497","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1925497","pdf_url":null,"source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5053288935","display_name":"Chi\u2010Wen Jevons Lee","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Chi-Wen Jevons Lee","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5086934627","display_name":"Christopher R. Petruzzi","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Christopher R. Petruzzi","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.26870045,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":"68","issue":"2","first_page":"189","last_page":"189"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9887999892234802,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9887999892234802,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.004800000227987766,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0024999999441206455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/gibson-paradox","display_name":"Gibson paradox","score":0.9890000224113464},{"id":"https://openalex.org/keywords/monetary-standard","display_name":"monetary standard","score":0.8320000171661377},{"id":"https://openalex.org/keywords/gold-standard","display_name":"gold standard","score":0.9779999852180481},{"id":"https://openalex.org/keywords/random-walks","display_name":"random walks","score":0.5809999704360962},{"id":"https://openalex.org/keywords/price-level","display_name":"price level","score":0.41499999165534973},{"id":"https://openalex.org/keywords/monetary-history","display_name":"monetary history","score":0.3199999928474426}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.669303834438324},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.503959596157074},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.38205498456954956},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.36735963821411133}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/1925497","doi":"https://doi.org/10.2307/1925497","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1925497","pdf_url":null,"source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:tpr:restat:v:68:y:1986:i:2:p:189-96","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0034-6535%28198605%2968%3A2%3C189%3ATGPATM%3E2.0.CO%3B2-Q&origin=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W7755660","https://openalex.org/W61918964","https://openalex.org/W1536488185","https://openalex.org/W1591398478","https://openalex.org/W1985780016","https://openalex.org/W1996253220","https://openalex.org/W2008578967","https://openalex.org/W2017887707","https://openalex.org/W2040862868","https://openalex.org/W2075617113","https://openalex.org/W2144380346","https://openalex.org/W2151148633","https://openalex.org/W2222500991","https://openalex.org/W2795715425","https://openalex.org/W2797652052","https://openalex.org/W2995875879"],"related_works":["https://openalex.org/W2154777506","https://openalex.org/W2891479896","https://openalex.org/W2087789365","https://openalex.org/W6966407806","https://openalex.org/W2076244236","https://openalex.org/W3022181516","https://openalex.org/W2069177115","https://openalex.org/W1481414131","https://openalex.org/W2059225788","https://openalex.org/W2087603324"],"abstract_inverted_index":{"This":[0],"paper":[1,91],"analyzes":[2],"the":[3,16,33,61,72,78,85,98],"Gibson":[4],"paradox,":[5],"a":[6,39,54,93],"strong":[7,55],"positive":[8],"correlation":[9,41],"between":[10,42],"prices":[11],"and":[12,46,83],"interest":[13,44],"rates":[14,45],"over":[15],"past":[17],"250":[18],"years.":[19],"The":[20,50],"phenomenon":[21],"of":[22,57],"Gibson's":[23],"paradox":[24],"is":[25,38],"significant":[26,31,40],"in":[27,32],"Britain":[28],"but":[29,64],"not":[30,66],"United":[34],"States.":[35],"However,":[36],"there":[37],"British":[43],"U.S.":[47],"price":[48,51,79],"levels.":[49],"movements":[52],"show":[53],"characteristic":[56],"random":[58,69,80],"walk":[59,70,81],"under":[60,71],"gold":[62],"standard,":[63],"appear":[65],"to":[67,96],"be":[68],"non-gold":[73],"standard.":[74],"Based":[75],"on":[76],"(a)":[77],"assumption":[82],"(b)":[84],"real":[86],"return":[87],"arbitrage":[88],"assumption,":[89],"this":[90],"constructs":[92],"simple":[94],"model":[95],"explain":[97],"above":[99],"interesting":[100],"empirical":[101],"results.":[102]},"counts_by_year":[{"year":2026,"cited_by_count":10},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-13T10:08:12.033832","created_date":"2016-06-24T00:00:00"}
