@techreport{NBERw0544,
 title = "Gold Monetization and Gold Discipline",
 author = "Robert P. Flood and Peter M. Garber",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "544",
 year = "1980",
 month = "September",
 URL = "http://www.nber.org/papers/w0544",
 abstract = {The paper is a study of the price level and relative price effects of a policy to monetize gold and fix its price at a given future time and at the then prevailing nominal price. Price movements are analyzed both during the transition to the gold standard and during the post-monetization period. The paper also explores the adjustments to fiat money which are necessary to ensure that this type of gold monetization is non-inflationary. Finally, some conditions which produce a run on the government's gold stock leading to the collapse of the gold standard and the timing of such a run are examined.},
}