Was the Gold Standard a major determinant of the onset and protracted character of the Great Depression of the 1930s in the United States and worldwide? In this paper, we model the ‘Gold-Standard hypothesis’ in an open-economy, dynamic general equilibrium framework. We show that encompassing the international and monetary dimensions of the Great Depression is important to understand the turmoil of the 1930s, especially outside the United States. Contrary to what is often maintained in the literature, our results suggest that the vague of successive nominal exchange rate devaluations coupled with the monetary policy implemented in the United States did not act as a relief. On the contrary, they made the Depression worse
The last decade has seen an outpouring of scholarship on the economics of the Great Depression. If t...
This paper examines the international monetary system between the Wars. It confirms the generality o...
The Great Depression of 1929 created significant consequences for the US economy and world economy t...
Was the Gold Standard a major determinant of the onset and the protracted character of the the Great...
Was the Gold Standard a major determinant of the onset and protracted character of the Great Depress...
As an example of Cliometrics, this paper empirically reexamine a recent breakthrough in the study of...
As an example of Cliometrics, this paper empirically reexamine a recent breakthrough in the study of...
As Professor Balderston notes in his introduction to this volume, history is necessarily written in ...
To a first approximation, the question of how the Great Depression spread from country to country is...
We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary pol-icy could have g...
This paper constructs a theoretical model to show how the credibility of a country’s commitment to a...
Recent research has provided strong circumstantial evidence for the proposition that sustained defla...
Historical accounts of the international monetary system generally oppose the classical gold standar...
This paper provides a survey of the Great Depression comprising both a narrative account and a detai...
The Great Depression was the most severe and extensive economic crisis in modern history. US industr...
The last decade has seen an outpouring of scholarship on the economics of the Great Depression. If t...
This paper examines the international monetary system between the Wars. It confirms the generality o...
The Great Depression of 1929 created significant consequences for the US economy and world economy t...
Was the Gold Standard a major determinant of the onset and the protracted character of the the Great...
Was the Gold Standard a major determinant of the onset and protracted character of the Great Depress...
As an example of Cliometrics, this paper empirically reexamine a recent breakthrough in the study of...
As an example of Cliometrics, this paper empirically reexamine a recent breakthrough in the study of...
As Professor Balderston notes in his introduction to this volume, history is necessarily written in ...
To a first approximation, the question of how the Great Depression spread from country to country is...
We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary pol-icy could have g...
This paper constructs a theoretical model to show how the credibility of a country’s commitment to a...
Recent research has provided strong circumstantial evidence for the proposition that sustained defla...
Historical accounts of the international monetary system generally oppose the classical gold standar...
This paper provides a survey of the Great Depression comprising both a narrative account and a detai...
The Great Depression was the most severe and extensive economic crisis in modern history. US industr...
The last decade has seen an outpouring of scholarship on the economics of the Great Depression. If t...
This paper examines the international monetary system between the Wars. It confirms the generality o...
The Great Depression of 1929 created significant consequences for the US economy and world economy t...
Add to ORKG