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We provide new evidence that a disruption in credit supply played a quantitatively significant role in the unprecedented contraction of employment during the Great Depression. To analyze the role of financing frictions in firms' employment decisions, we use a novel, hand-collected dataset of...
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, and the Uses - and Misuses - of History (Oxford University Press, 2015) shows the way the lessons learned from analysis of …
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We provide new evidence that a disruption in credit supply played a quantitatively significant role in the unprecedented contraction of employment during the Great Depression. To analyze the role of financing frictions in firms' employment decisions, we use a novel, hand-collected dataset of...
Persistent link: https://www.econbiz.de/10012455465