Pensieroso, Luca; Restout, Romain - 2022
Was the Gold Standard a major determinant of the onset and protracted character of the Great Depression of the 1930s in … the United States and worldwide? In this paper, we model the ‘Gold-Standard hypothesis’ in an open-economy, dynamic … important to understand the turmoil of the 1930s. In particular, the Gold Standard turns out to be a strong transmission …