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Oct 1, 2010 · The largest debates about monetary policies during the 1930s arise over how effective they were in driving real GDP and unemployment. Nearly all agree that the Federal Reserve policy interacted with other negative shocks in ways that caused the Depression to deepen.
- Price V. Fishback
- 2010
Oct 1, 2010 · Monetary policy, both before and during the period of the restored gold standard, saw severe tensions over interest rates (now highly politicized) between Chancellors of the Exchequer and the Governor of the Bank of England, the infamous (and not just in central banking circles) Montagu Norman.
- Roger Middleton
- 2010
Oct 1, 2010 · Why and how did the depression spread so that it became an international catastrophe? What role did financial crises play in prolonging and transmitting economic shocks? How effective were national economic policy measures designed to lessen the impact of the depression? Did governments try to coordinate their economic policies? If not, then ...
- Nicholas Crafts, Peter Fearon
- 2010
The largest debates about monetary policies during the 1930s arise over how effective they were in driving real GDP and unemployment. Nearly all agree that the Federal Reserve policy interacted with other negative shocks in ways that caused the Depression to deepen. 'University of Arizona, e-mail: pfishback@eller.arizona.edu doi: 10.1 093/oxrep ...
The largest debates about monetary policies during the 1930s arise over how effective they were in driving real GDP and unemployment. Nearly all agree that the Federal Reserve policy interacted with other negative shocks in ways that caused the Depression to deepen. The question remains how much?
- Price V. Fishback
- 2010
Mar 31, 2021 · The root causes of the Great Depression from 1929 to 1933 have been researched extensively. In this context, economic historians view central bank policy as having played a pivotal role, something which empirical modelling often fails to confirm.
The paper provides a survey of fiscal and monetary policies during the 1930s under the Hoover and Roosevelt Administrations and how they influenced the policies during the recent Great Recession.
