On the evolution of the monetary policy transmission mechanism

On the evolution of the monetary policy transmission mechanism

This paper investigates whether the monetary transmission mechanism has changed or whether apparent changes are due to changes in the volatility of ex…

The idea of re-pegging the US dollar to gold has been a recurring theme in the US. Proponents see it as a way to combat inflation and the loss of confidence in fiat money. But a new gold standard would be a radical change with far-reaching consequences for the global financial system.

Wiesbaden, April 24, 2025. Since the beginning of 2024, the price of gold in US dollars has increased by more than 50%. Basically, there is a massive devaluation of the US dollar against gold. What are the reasons for this development and how will the devaluation of the US dollar against gold develop in the future?