Monetary and financial forces in the Great Depression

What caused the worldwide collapse in output from 1929 to 1933? Why was the recovery from the trough of 1933 so protracted for the U.S.? How costly was the decline in terms of welfare? Was the decline preventable? These are some of the questions that have motivated economists to study the Great Depression. In this paper, the authors review some of the economic literature that attempts to answer these questions.

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Year of publication:	2006
Authors:	Chatterjee, Satyajit ; Corbae, Dean
Institutions:	Federal Reserve Bank of Philadelphia
Subject:	Depressions

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 06-12
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512374