Volltext herunterladen
(644.7 KB)
Zitationshinweis
Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-372949
Export für Ihre Literaturverwaltung
Revisiting the 1929 crisis: was the Fed Pre-Keynesian? New lessons from the past
Eine erneuerte Lektüre der Krise von 1929: war die Fed Vor-Keynesianisch? Neue Erkenntnisse aus der Vergangenheit
[Zeitschriftenartikel]
Abstract "This article is organized as follows: in section 1, the authors discuss the Bordo et al. (2002) monetarist counterfactual analysis. Section 2 presents data. In section 3, the authors address the following question: referring to Keynes' definition of liquidity trap, they ask themselves whether there... mehr
"This article is organized as follows: in section 1, the authors discuss the Bordo et al. (2002) monetarist counterfactual analysis. Section 2 presents data. In section 3, the authors address the following question: referring to Keynes' definition of liquidity trap, they ask themselves whether there were episodes of liquidity trap over the pre and post 1929 crisis period and whether the Fed modified its reaction function in consequence? Following this, in section 4 and using a SVAR approach, the authors simulate how US economic activity would have reacted following an expansionary monetary policy after the 1929 crisis. In conclusion, the authors suggest a renewed monetary lesson from the past." (author's abstract)... weniger
Thesaurusschlagwörter
Wirtschaftskrise; Zwischenkriegszeit; USA; Keynes, J.; Wirtschaftsgeschichte; ökonomische Theorie; Monetarismus; Geldtheorie; Liquidität; Zentralbank; Politik; Statistik; statistische Analyse; Geldpolitik; Bankgewerbe; Nordamerika
Klassifikation
Sozialgeschichte, historische Sozialforschung
Wirtschaftspolitik
Methode
empirisch; empirisch-quantitativ; historisch
Sprache Dokument
Englisch
Publikationsjahr
2012
Seitenangabe
S. 280-297
Zeitschriftentitel
Historical Social Research, 37 (2012) 2
DOI
https://doi.org/10.12759/hsr.37.2012.2.280-297
ISSN
0172-6404
Status
Veröffentlichungsversion; begutachtet (peer reviewed)