Comment la croissance américaine aurait-elle réagi à une politique monétaire expansionniste en 1929 ? Les enseignements cliométriques d’une simulation SVAR
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
(This abstract was borrowed from another version of this item.)
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