Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,591,994,983 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Gibson's Paradox

   Also found in: Wikipedia 0.01 sec.
Gibson's Paradox
An observation that interest rates are correlated with wholesale prices rather than the inflation rate. Gibson's Paradox was first discussed by John Maynard Keynes in 1930; at the time, the idea was controversial, as most economists believed that interest rates correlated with changes to prices rather than the prices themselves. It is important to note that Gibson's paradox only applied when money was on the gold standard. See also: Keynesian economics.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
The invalidation since 1995 of Gibson's Paradox -- that gold prices rise when real interest rates fall -- suggests that the real manipulation began then.
to around $270 rather than rising toward the $500 level as Gibson's paradox and the model of it constructed by Summers indicates they should have.
to around $270 rather than rising toward the $500 level as Gibson's paradox and the model of it constructed by Barsky and Summers indicates they should have.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.