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The Great Depression and the Friedman-Schwartz hypothesis

  • Lawrence J. Christiano
  • Roberto Motto
  • Massimo Rostagno

We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression.

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Article provided by Federal Reserve Bank of Cleveland in its journal Proceedings.

Volume (Year): (2003)
Issue (Month): ()
Pages: 1119-1215

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Handle: RePEc:fip:fedcpr:y:2003:p:1119-1215
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