Diebolt, Claude; Parent, Antoine; Trabelsi, Jamel - In: Revue économique 62 (2011) 6, pp. 1081-1093
This article deals with the relevancy of expansionary monetary policy in a situation of financial crisis in an historical perspective. We simulate, within a svar framework, the effects of expansionary monetary policy over the period 1929-1933, in the us. We suggest a renewed monetary lesson in...