Peter M Garber
Biographic Data
| ID | 1456667 |
|---|---|
| NAME | Peter M Garber |
| GIVEN NAMES | Peter M |
| FAMILY NAME | Garber |
| SIGNATURE | GARBER P M |
| AFFILIATIONS | Professor of Economics, Brown University, Providence, Rhode Island. |
| VERIFIED | No |
| TOTAL WORKS | 10 |
| TOTAL CITATIONS | 65 |
| AUTHOR COUNT | 10 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1980 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 5 |
The Dissolution of the Austro-Hungarian Empire
El sistema de Bretton Woods resucitado
Sand in the Wheels of Foreign Exchange Markets
Journal Article Sand in the Wheels of Foreign Exchange Markets: A Sceptical Note Get access Peter Garber, Peter Garber Brown University Search for other works by this author on: Oxford Academic Google Scholar Mark P. Taylor Mark P. Taylor University of Liverpool and CEPR Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 105, Issue 428, 1 January 1995, Pages 173–180, https://doi.org/10.2307/22353…
Famous First Bubbles
Before economists relegate a speculative event to the inexplicable or bubble category, we must exhaust all reasonable economic explanations. Among the "reasonable" or "market fundamental" explanations I would include the perception of an increased probability of large returns. The perception might be triggered by genuine economic good news, by a convincing new economic theory about payoffs, or by a fraud launched by insiders acting strategically …
Tulipmania
Though it is always mentioned first among the list of obvious manias, no serious effect has ever been expended to investigate the market fundamentals that might have driven the tulip speculation. The paper compiles time series on individual tulip prices and examines market fundamentals potentially driving prices. Most of the "tulipmania" was not obvious madness. High, but rapidly depreciating, prices for rare bulbs is a typical pattern in the flo…
Recurrent Devaluation and Speculative Attacks on the Mexican Peso
We generate an empirical method aimed at predicting the timing and magnitude of devaluations forced by speculative attacks on fixed exchange rate systems. Using the Mexican experience as an example, we produce time-series estimates of the one-period-ahead probability of devaluation, the expected value of the new fixed exchange rate, and the confidence interval of the forecasted exchange rate. The results of the empirical exercise are encouraging.…
Collapsing exchange-rate regimes
Gold Monetization and Gold Discipline
The substantial U.S. inflations of the 1970s led to some popular support for commodity-based money. Gold has had a special role in historical commodity-money schemes, and it emerged as a leading contender in recent discussions. In October 1980 Congress established the Gold Commission to study the possible remonetization of gold. In this paper we analyze some gold monetization schemes proposed to the commission. We find that the adoption of these …
An Economic Theory of Monetary Reform
Agents' beliefs in the imminent reform of a particular money supply process can have a powerful effect on their predictions of such variables as the rate of inflation. To find a criterion for monetary reform, we argue that any money supply process which does not provide a finite solution for price in a Cagan-type hyperinflationary money market will be rejected by the public. Such a process does not have the basic property of money which we call "…
Market Fundamentals versus Price-Level Bubbles
When current market price depends partly on the expected rate of market price change, it is possible that the market will launch itself onto a price bubble with price being driven by arbitrary, self-fulfilling elements in expectations. The purpose of this paper is to provide some tests of the proposition that bubbles were absent during the German hyperinflation, a proposition we are unable to reject. The test methodology that we propose is genera…
Market Fundamentals versus Price-Level Bubbles
When current market price depends partly on the expected rate of market price change, it is possible that the market will launch itself onto a price bubble with price being driven by arbitrary, self-fulfilling elements in expectations. The purpose of this paper is to provide some tests of the proposition that bubbles were absent during the German hyperinflation, a proposition we are unable to reject. The test methodology that we propose is genera…
Famous First Bubbles
Before economists relegate a speculative event to the inexplicable or bubble category, we must exhaust all reasonable economic explanations. Among the "reasonable" or "market fundamental" explanations I would include the perception of an increased probability of large returns. The perception might be triggered by genuine economic good news, by a convincing new economic theory about payoffs, or by a fraud launched by insiders acting strategically …
Tulipmania
Though it is always mentioned first among the list of obvious manias, no serious effect has ever been expended to investigate the market fundamentals that might have driven the tulip speculation. The paper compiles time series on individual tulip prices and examines market fundamentals potentially driving prices. Most of the "tulipmania" was not obvious madness. High, but rapidly depreciating, prices for rare bulbs is a typical pattern in the flo…
Sand in the Wheels of Foreign Exchange Markets
Journal Article Sand in the Wheels of Foreign Exchange Markets: A Sceptical Note Get access Peter Garber, Peter Garber Brown University Search for other works by this author on: Oxford Academic Google Scholar Mark P. Taylor Mark P. Taylor University of Liverpool and CEPR Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 105, Issue 428, 1 January 1995, Pages 173–180, https://doi.org/10.2307/22353…
Recurrent Devaluation and Speculative Attacks on the Mexican Peso
We generate an empirical method aimed at predicting the timing and magnitude of devaluations forced by speculative attacks on fixed exchange rate systems. Using the Mexican experience as an example, we produce time-series estimates of the one-period-ahead probability of devaluation, the expected value of the new fixed exchange rate, and the confidence interval of the forecasted exchange rate. The results of the empirical exercise are encouraging.…
An Economic Theory of Monetary Reform
Agents' beliefs in the imminent reform of a particular money supply process can have a powerful effect on their predictions of such variables as the rate of inflation. To find a criterion for monetary reform, we argue that any money supply process which does not provide a finite solution for price in a Cagan-type hyperinflationary money market will be rejected by the public. Such a process does not have the basic property of money which we call "…
Gold Monetization and Gold Discipline
The substantial U.S. inflations of the 1970s led to some popular support for commodity-based money. Gold has had a special role in historical commodity-money schemes, and it emerged as a leading contender in recent discussions. In October 1980 Congress established the Gold Commission to study the possible remonetization of gold. In this paper we analyze some gold monetization schemes proposed to the commission. We find that the adoption of these …
An Economic Theory of Monetary Reform
Agents' beliefs in the imminent reform of a particular money supply process can have a powerful effect on their predictions of such variables as the rate of inflation. To find a criterion for monetary reform, we argue that any money supply process which does not provide a finite solution for price in a Cagan-type hyperinflationary money market will be rejected by the public. Such a process does not have the basic property of money which we call "…
Market Fundamentals versus Price-Level Bubbles
When current market price depends partly on the expected rate of market price change, it is possible that the market will launch itself onto a price bubble with price being driven by arbitrary, self-fulfilling elements in expectations. The purpose of this paper is to provide some tests of the proposition that bubbles were absent during the German hyperinflation, a proposition we are unable to reject. The test methodology that we propose is genera…
Collapsing exchange-rate regimes
Gold Monetization and Gold Discipline
The substantial U.S. inflations of the 1970s led to some popular support for commodity-based money. Gold has had a special role in historical commodity-money schemes, and it emerged as a leading contender in recent discussions. In October 1980 Congress established the Gold Commission to study the possible remonetization of gold. In this paper we analyze some gold monetization schemes proposed to the commission. We find that the adoption of these …
Recurrent Devaluation and Speculative Attacks on the Mexican Peso
We generate an empirical method aimed at predicting the timing and magnitude of devaluations forced by speculative attacks on fixed exchange rate systems. Using the Mexican experience as an example, we produce time-series estimates of the one-period-ahead probability of devaluation, the expected value of the new fixed exchange rate, and the confidence interval of the forecasted exchange rate. The results of the empirical exercise are encouraging.…
Tulipmania
Though it is always mentioned first among the list of obvious manias, no serious effect has ever been expended to investigate the market fundamentals that might have driven the tulip speculation. The paper compiles time series on individual tulip prices and examines market fundamentals potentially driving prices. Most of the "tulipmania" was not obvious madness. High, but rapidly depreciating, prices for rare bulbs is a typical pattern in the flo…
Famous First Bubbles
Before economists relegate a speculative event to the inexplicable or bubble category, we must exhaust all reasonable economic explanations. Among the "reasonable" or "market fundamental" explanations I would include the perception of an increased probability of large returns. The perception might be triggered by genuine economic good news, by a convincing new economic theory about payoffs, or by a fraud launched by insiders acting strategically …
Sand in the Wheels of Foreign Exchange Markets
Journal Article Sand in the Wheels of Foreign Exchange Markets: A Sceptical Note Get access Peter Garber, Peter Garber Brown University Search for other works by this author on: Oxford Academic Google Scholar Mark P. Taylor Mark P. Taylor University of Liverpool and CEPR Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 105, Issue 428, 1 January 1995, Pages 173–180, https://doi.org/10.2307/22353…
El sistema de Bretton Woods resucitado
The Dissolution of the Austro-Hungarian Empire
Economics (8 works) · Monetary economics (8 works) · Computer Science (4 works) · Economic Theory and Policy (4 works) · Mathematics (4 works) · Monetary Policy and Economic Impact (4 works) · Econometrics (3 works) · Finance (3 works) · Market Dynamics and Volatility (3 works) · Economic theories and models (2 works)