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Was expansionary monetary policy feasible during the great contraction? : An examination of the gold standard constraint
Bordo, Michael D.; Choudhri, Ehsan U.; Schwartz, Anna … - 1999
Persistent link: https://www.econbiz.de/10001388177
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Was expansionary monetary policy feasible during the great contraction? : An examination of the gold standard constraint
Bordo, Michael D.; Choudhri, Ehsan U.; Schwartz, Anna … - In: Explorations in economic history : EEH 39 (2002) 1, pp. 1-28
Persistent link: https://www.econbiz.de/10001644262
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Deep recessions, fast recoveries, and financial crises : evidence from the American Record
Bordo, Michael D.; Haubrich, Joseph Gerard - 2012
Persistent link: https://www.econbiz.de/10009577215
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The great depression analogy
Bordo, Michael D.; James, Harold - In: Financial history review 17 (2010) 2, pp. 127-140
Persistent link: https://www.econbiz.de/10008797786
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Deep recessions, fast recoveries, and financial crises : evidence from the American record
Bordo, Michael D.; Haubrich, Joseph Gerard - 2012
Persistent link: https://www.econbiz.de/10009569519
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Was Expansionary Monetary Policy Feasible During the Great Contraction? An Examination of the Gold Standard Constraint
Bordo, Michael D. - 1999
The recent consensus view, that the gold standard was the leading cause of the worldwide Great Depression 1929-33, stems from two propositions: (1) Under the gold standard, deflationary shocks were transmitted between countries and, (2) for most countries, continued adherence to gold prevented...
Persistent link: https://www.econbiz.de/10012471669
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How New Fed Corporate Bond Programs Dampened the Financial Accelerator in the Covid-19 Recession
Bordo, Michael D. - 2020
In the financial crisis and recession induced by the Covid-19 pandemic, many investment-grade firms became unable to borrow from securities markets. In response, the Fed not only reopened its commercial paper funding facility but also announced it would purchase newly issued and seasoned bonds...
Persistent link: https://www.econbiz.de/10012482316
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The Great Depression Analogy
Bordo, Michael D. - 2009
This paper examines three areas in which analogies have been made between the interwar depression and the financial crisis of 2007 which reached a dramatic climax in September 2008 with the collapse of Lehman Brothers and the rescue of AIG: they can be labeled macro-economic, micro-economic, and...
Persistent link: https://www.econbiz.de/10012463065
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Deep Recessions, Fast Recoveries, and Financial Crises : Evidence from the American Record
Bordo, Michael D. - 2012
the recovery is considered. But in general recessions associated with financial crises are generally followed by rapid … recoveries. We find three exceptions to this pattern: the recovery from the Great Contraction in the 1930s; the recovery after … the recession of the early 1990s and the present recovery. The present recovery is strikingly more tepid than the 1990s …
Persistent link: https://www.econbiz.de/10012460466
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Deep recessions, fast recoveries, and financial crises : evidence from the American Record
Bordo, Michael D.; Haubrich, Joseph Gerard - In: Economic inquiry : journal of the Western Economic … 55 (2017) 1, pp. 527-541
Persistent link: https://www.econbiz.de/10011739148