Was expansionary monetary policy feasible during the great contraction?
Subtitle: an examination of the gold standard constraint
By: Michael D. Bordo, Ehsan U. Choudhri, Anna J. Schwartz
Contributors: Choudhri, Ehsan U.; Schwartz, Anna Jacobson.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 7125; Working paper series (National Bureau of Economic Research) -- working paper no. 7125.
Publisher: National Bureau of Economic Research
Published: 1999
Place of publication: Cambridge, MA
Language: eng
Number of pages: 49
Subjects: Monetary policy -- United States -- History -- 20th century.; Monetary policy -- United States -- Econometric models.; Depressions -- 1929 -- United States -- Econometric models.; Gold standard -- History -- 20th century.; Gold standard -- Econometric models.; Inflation (Finance) -- United States -- History -- 20th century.; Inflation (Finance) -- United States -- Econometric models.; United States -- Economic policy -- 1933-1945 -- Econometric models.
Notes: "May 1999."

JEL no. E5, F3.

Includes bibliographical references (p. 47-49).

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Electronic version available via the Internet at the NBER World Wide Web site.