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Gold Standard Could Be the Key to Ending Price Volatility, Fed Study Suggests

Researchers from the Federal Reserve Bank of Philadelphia, Jesús Fernández-Villaverde and Daniel Sanches, have found that adopting a gold standard could lead to long-term price stability. Their study, published in February, simulates how a gold standard might function in a small open economy. According to their findings, prices would naturally align with their long-term equilibrium, making inflation and deflation temporary issues. This suggests that a gold-based monetary system could offer a more stable pricing environment.

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