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Comment la croissance américaine aurait-elle réagi à une politique monétaire expansionniste en 1929 ?. Les enseignements cliométriques d'une simulation svar

Author

Listed:
  • Claude Diebolt
  • Antoine Parent
  • Jamel Trabelsi

Abstract

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 order to enrich current monetary policies. Classification JEL : B23 ; E58 ; N12

Suggested Citation

  • Claude Diebolt & Antoine Parent & Jamel Trabelsi, 2011. "Comment la croissance américaine aurait-elle réagi à une politique monétaire expansionniste en 1929 ?. Les enseignements cliométriques d'une simulation svar," Revue économique, Presses de Sciences-Po, vol. 62(6), pages 1081-1093.
    • Handle: RePEc:cai:recosp:reco_626_1081
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    JEL classification:

    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-

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