Macroeconomists have long argued that financial markets were important sources and
propagators of decline during the Great Depression. Turning points during the Depression …

This book offers a reassessment of the international monetary problems that led to the global
economic crisis of the 1930s. It explores the connections between the gold standard--the …

Lessons from the Great Depression provides an integrated view of the depression, covering
the experience in Britain, France, Germany, and the United States. Do events of the 1930s …

Lúcido, accesible y provocativo, y ahora completamente actualizado para tratar los
acontecimientos recientes que han sacudido la economía global, La globalización del …

We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary
policy could have greatly reduced the severity of the Great Depression. To do this, we first …

The experience of the 1990s renewed economists' interest in the role of credit in
macroeconomic fluctuations. The locus classicus of the credit-boom view of economic cycles …

Monetary economists have long been interested in economic history as a laboratory for the
testing of theory. This paper surveys recent work in monetary history within the context of the …

To a first approximation, the question of how the Great Depression spread from country to
country is short and straightforward: fixed exchange rates under the gold standard …

Aggregate economic activity was heavily influenced by the construction sector's expansion,
collapse, and failure to revive during the interwar years. The 1920s building boom was the …

This paper addresses a general theoretical question-the appropriate specification of the
transactions demand for money-as well as a particular historical question: what triggered the …