Great depressions of the twentieth century
AbstractThe worldwide Great Depression of the 1930s was a watershed for both economic thought and economic policymaking. It led to the belief that market economies are inherently unstable and to the revolutionary work of John Maynard Keynes. Its impact on popular economic wisdom is still apparent today. ; This book, which uses a common framework to study sixteen depressions, from the interwar period in Europe and America as well as from more recent times in Japan and Latin America, challenges the Keynesian theory of depressions. It develops and uses a methodology for studying depressions that relies on growth accounting and the general equilibrium growth model.
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Bibliographic InfoThis book is provided by Federal Reserve Bank of Minneapolis in its series Monograph with number 2007gdott and published in 2007.
Other versions of this item:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- What's a Central Bank Good For?
by Stephen Williamson in Stephen Williamson: New Monetarist Economics on 2014-01-28 20:22:00
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