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This paper develops a new analysis of the U. S. economy in the 1920s that is illuminated by contrasts with the 1990s, and it also re examines the causes of the Great Depression. In both the 1920s and the 1990s the acceleration of productivity growth linked to the delayed effects of previously...
Persistent link: https://www.econbiz.de/10005792478
Persistent link: https://www.econbiz.de/10013256296
Following the fiscal stabilisation of 1926 and the accompanying return of the French franc to the Gold Standard, France enjoyed several years of fast growth and remained immune to the effects of the Great Depression until early 1931. Accounts of this period emphasize the undervaluation of the...
Persistent link: https://www.econbiz.de/10005281353
In this paper we speculate about the evolution of the international monetary system in the last two-thirds of the twentieth century absent the Great Depression, but present the major post-Depression political and economic upheavals: World War II and the Cold War. We argue that without the...
Persistent link: https://www.econbiz.de/10005661482
A recent literature explores the nature and causes of the collapse in international trade during 2008 and 2009. The …; quantities fell by more than prices; and prices fell less for differentiated products. Do these stylised facts apply to trade … what extent the trade collapses of the Great Depression and Great Recession resembled each other. It also compares the free …
Persistent link: https://www.econbiz.de/10011796010
Persistent link: https://www.econbiz.de/10009569623
Persistent link: https://www.econbiz.de/10011546626
Persistent link: https://www.econbiz.de/10012307709
A recent literature explores the nature and causes of the collapse in international trade during 2008 and 2009. The …; quantities fell by more than prices; and prices fell less for differentiated products. Do these stylised facts apply to trade … what extent the trade collapses of the Great Depression and Great Recession resembled each other. It also compares the free …
Persistent link: https://www.econbiz.de/10011793401
Persistent link: https://www.econbiz.de/10011796705