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The Global 1970s and the Echo of the Great Depression

Taylor, Alan M. - 2009

The Great Depression ushered in a long era of deglobalization that lasted for many decades. An old conventional wisdom (e.g. Polanyi) argues that the common aspect of this shock across all countries, a deep depression, can explain the large and persistent global shift away from orthodox liberal...

Persistent link: https://www.econbiz.de/10012463174

Australian Growth : A California Perspective

McLean, Ian W. - 2001

Examination of special cases assists understanding of the mechanics of long-run economic growth more generally. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising living standards for rapidly expanding populations. They are...

Persistent link: https://www.econbiz.de/10012470310

Stuck on gold: real exchange rate volatility and the rise and fall of the gold standard, 1870-1939

Chernyshoff, Natalia; Jacks, David S.; Taylor, Alan M. - 2005

Did adoption of the gold standard exacerbate or diminish macroeconomic volatility? Supporters thought so, critics … absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in … the transmission of terms of trade shocks. Evidence on the relationship between real exchange rate volatility and terms of …

Persistent link: https://www.econbiz.de/10010266408