The ends of 27 big depressions
How did countries recover from the Great Depression? In this paper, we explore the argument that leaving the gold standard helped by boosting inflationary expectations, lowering real interest rates, and stimulating interest-sensitive expenditures. We do so for a sample of 27 countries, using modern...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
American Economic Association
2024
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