We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...

"Explains the history of the Stock Market Crash of 1929 and the Great Depression, as well as President Franklin D. Roosevelt's ambitious program of New Deal reforms. Features include a narrative overview, biographical profiles, primary source documents, chronology, glossary, bibliography, and...