Lecciones de la Gran Depresión para la recuperación económica en 2009
AbstractThis article compares the Great Depression of the thirties with the current global crisis and offers some useful lessons for designing policies to overcome the crisis and begin a strong recovery. One of the lessons is that a small fiscal expansion has only small effects and that a monetary expansion may help to stabilize the economy even if interest rates are near to zero. In addition, policymakers should avoid reducing the incentives early and should consider that the financial and the real recovery go together
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Bibliographic InfoArticle provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.
Volume (Year): 11 (2009)
Issue (Month): 21 (July-December)
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More information through EDIRC
economic crises; Great Depression;
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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