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Credit constraints and the propagation of the Great Depression in Germany
Adam, Marc C.; Jansson, Walter - 2019
Great Depression in Germany from 1927 to 1932. We identify loan supply shocks in the context of a time varying parameter …
Persistent link: https://www.econbiz.de/10012040313
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Inflation Expectations and the Recovery from the Great Depression in Germany
Daniel, Volker; ter Steege, Lucas - 2018
Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation … Germany across two different methods: we conduct a narrative study of media sources and estimate inflation expectations from a …
Persistent link: https://www.econbiz.de/10012263133
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Buried in the vaults of central banks: Monetary gold hoarding and the slide into the Great Depression
Karau, Sören - 2020
I study whether monetary gold hoarding was the main cause of the Great Depression in a structural VAR analysis. The notion that monetary forces played an important role in bringing about the depression is well established in the narrative literature, but has more recently met some skepticism by...
Persistent link: https://www.econbiz.de/10012414818
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A small open economy in the great depression: The case of Switzerland
Rosenkranz, Peter; Straumann, Tobias; Woitek, Ulrich - 2014
In historical accounts of the world economic crisis of the 1930s, Switzerland is known for its staunch defense of the gold standard and the rise of corporatist policies. Yet, so far, the literature has not discussed the implications of these two features. This paper tries to show how the...
Persistent link: https://www.econbiz.de/10011282499
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The French Great Depression: A business cycle accounting analysis
Bridji, Slim - 2012
Using the business cycle accounting framework [Chari V., P. Kehoe and E. McGrattan 2007. Business Cycle Accounting. Econometrica 75, 781-836.], this paper sheds new light on the French Great Depression. Frictions that reduce the efficiency with which factor inputs are used (efficiency wedge)...
Persistent link: https://www.econbiz.de/10010316878
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Did sunspot cause the Great Depression?
Harrison, Sharon G.; Weder, Mark - 2002
We apply a dynamic general equilibrium model to the period of the Great Depression. In particular, we examine a modification of the real business cycle model in which the possibility of indeterminacy of equilibria arises. In other words, agents' self-fulfilling expectations can serve as a...
Persistent link: https://www.econbiz.de/10010310556
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Brüning's austerity policies of the early 1930s intensified the economic slump and increased unemployment
Ettmeier, Stephanie; Kriwoluzky, Alexander - In: DIW Weekly Report 12 (2022) 24/25, pp. 163-168
May 2022 marked the 90th anniversary of the end of Heinrich Brüning's term as Reich Chancellor. To this day, the economic effects of Brüning's extreme austerity measures remain unclear. However, new data and calculations have made an initial quantification of the economic consequences of...
Persistent link: https://www.econbiz.de/10013285740
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Austeritätspolitik der Ära Brüning hat den Wirtschaftseinbruch verstärkt und die Arbeitslosigkeit erhöht
Ettmeier, Stephanie; Kriwoluzky, Alexander - In: DIW Wochenbericht 89 (2022) 24, pp. 345-350
Im Mai 2022 hat sich das Ende von Reichskanzler Heinrich Brünings Amtszeit zum 90. Mal gejährt. Bis heute sind die ökonomischen Auswirkungen von Brünings extremer Austeritätspolitik noch immer ungeklärt. Neue Daten und Berechnungen erlauben erstmals die Quantifizierung der ökonomischen...
Persistent link: https://www.econbiz.de/10013285741
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Averting the Nazi Seizure of Power. A Counterfactual Thought Experiment
Stoegbauer, Christian; Komlos, John - 2004
The Great Depression in Germany led to the radicalization of the electorate, leading the country and then the world … might have been averted with a fiscal policy that lowered the unemployment rate in those parts of Germany where their … have to have been in those districts to prevent the NSDAP from becoming a formidable political force in Germany. Budget …
Persistent link: https://www.econbiz.de/10010427395
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Europe's great depression: Coordination failure after the first World War
Wolf, Nikolaus - 2010
In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could not exploit her vast economic potential after 1918, because the war had not yet come to an end - indeed it did not end before 1945. Both, domestic and international...
Persistent link: https://www.econbiz.de/10010274942