Essays on the great depression / Ben S. Bernanke.

Format:

Book

Author/Creator:

Bernanke, Ben.

Language:

English

Subjects (All):

Depressions--1929--United States.

Depressions.

Depressions--1929.

Physical Description:

1 online resource (310 pages)

Edition:

Course Book

Place of Publication:

Princeton, NJ : Princeton University Press, c2000.

Language Note:

English

Summary:

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.

Contents:

Frontmatter

Contents

Preface

PART ONE: OVERVIEW

One. The Macroeconomics of the Great Depression: A Comparative Approach

PART TWO: MONEY AND FINANCIAL MARKETS

Two. Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression

Three. The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison

Four. Deflation and Monetary Contraction in the Great Depression: An Analysis by Simple Ratios

PART THREE: LABOR MARKETS

Five. The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras

Six Employment, Hours, and Earnings in the Depression: An Analysis of Eight Manufacturing Industries

Seven. Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe?

Eight. Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries

Nine. Nominal Wage Stickiness and Aggregate Supply in the Great Depression

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9786612935176

9786612087172

9781282087170

1282087177

9781282935174

1282935178

9781400820276

1400820278

OCLC:

367660627