Each student shall individually write an essay (3400-3600 words), using a capital-based macroeconomic framework and taking stability and progress considerations into account, using the course readings. The essay shall contain references used in the analysis. Follow the guidelines of a journal, such as the Journal of Economic Behavior & Organization. This essay must be handed in, at the latest on 2024-04-25 at 15:00 (sharp). Essays handed in too late will not be accepted!
How would a new gold standard with 100 percent reserves and free banking, respectively, compared to the BFH system, contribute to macroeconomic stability with international capital inflows?
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