Two Crises, Two Ideas and One Question
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- Thomas M. Humphrey, 2013. "Arresting Financial Crises: The Fed versus the Classicals," Economics Working Paper Archive wp_751, Levy Economics Institute.
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KeywordsGreat Depression; Great Recession; Fisher relation; interest rate; monetary policy; central bank; lender of last resort; quantitative easing; money supply; deflation; inflation; monetarism; economic stability;
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-09 (All new papers)
- NEP-HIS-2012-09-09 (Business, Economic & Financial History)
- NEP-HPE-2012-09-09 (History & Philosophy of Economics)
- NEP-MON-2012-09-09 (Monetary Economics)
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