Essays on the Great Depression

ISBN-10: 0691118205
ISBN-13: 9780691118208
Edition: 2000
Authors: Ben S. Bernanke
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Description: Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with  More...

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Book details

List price: $39.95
Copyright year: 2000
Publisher: Princeton University Press
Publication date: 1/25/2004
Binding: Paperback
Pages: 320
Size: 5.50" wide x 9.00" long x 0.75" tall
Weight: 0.924
Language: English

Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with a marvelous laboratory for studying the links between economic policies and institutions and economic performance. Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating. This broad view shows us that while the Great Depression was an unparalleled disaster, some economies pulled up faster than others, and some made an opportunity out of it. By comparing and contrasting the economic strategies and statistics of the world's nations as they struggled to survive economically, the fundamental lessons of macroeconomics stand out in bold relief against a background of immense human suffering. The essays in this volume present a uniquely coherent view of the economic causes and worldwide propagation of the depression.

Preface
Overview
The Macroeconomics of the Great Depression: A Comparative Approach
Money and Financial Markets
Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression
The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison - With Harold James
Deflation and Monetary Contraction in the Great Depressim An Analysis by Simple Ratios - With Ilian Mihov
Labor Markets
The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras - With James L. Powell
Employment, Hours, and Earnings in the Depression: An Analysis of Eight Manufacturing Industries
Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe? - With Martin Parkinson
Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries - With Martin Parkinson
Nominal Wage Stickiness and Aggregate Supply in the Great Depression - With Kevin Carey
Index

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