Was the Federal Reserve fettered?
Subtitle: devaluation expectations in the 1932 monetary expansion
By: Chang-Tai Hsieh, Christina D. Romer.
Contributors: Romer, Christina.; National Bureau of Economic Research.
Series: NBER working paper series -- no. 8113; Working paper series (National Bureau of Economic Research) -- working paper no. 8113.
Publisher: National Bureau of Economic Research
Published: 2001
Place of publication: Cambridge, MA
Language: eng
Number of pages: 47
Subjects: Board of Governors of the Federal Reserve System (U.S.) -- History.; Monetary policy -- United States -- History -- 20th century.; Devaluation of currency -- United States -- History -- 20th century.; Currency convertibility -- United States -- History -- 20th century.; Gold standard -- History.; Money supply -- United States -- History -- 20th century.; Depressions -- 1932 -- United States.; Foreign exchange rates -- United States -- History -- 20th century.; Investments, Foreign -- United States -- History -- 20th century.
Notes: "February 2001."

JEL no. N1, E5, F3.

Includes bibliographical references (p. 46-47).

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