Essays on the Great Depression
1st Edition
Published on 30. January 2024
352 pages
978-0-691-25966-6 (ISBN)
Description
From the Nobel Prize-winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects
As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s-work for which he was later awarded the Nobel Prize. Essays on the Great Depression brings together Bernanke's influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.
As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s-work for which he was later awarded the Nobel Prize. Essays on the Great Depression brings together Bernanke's influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.
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Ben S. Bernanke
Essays on the Great Depression
Book
01/2024
Princeton University Press
€21.50
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Person
Ben S. Bernanke was chair of the U.S. Federal Reserve from 2006 to 2014 and was awarded the Nobel Prize in economics in 2022. He is a Distinguished Senior Fellow in Economic Studies at the Brookings Institution. His many books include The Federal Reserve and the Financial Crisis (Princeton).
Content
- Cover
- Contents
- Nobel Prize Lecture: Banking, Credit, and Economic Fluctuations
- Preface
- Part One: Overview
- 1. The Macroeconomics of the Great Depression: A Comparative Approach
- Part Two: Money and Financial Markets
- 2. Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression
- 3. The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison / With Harold James
- 4. Deflation and Monetary Contraction in the Great Depression: An Analysis by Simple Ratios / With Ilian Mihov
- Part Three: Labor Markets
- 5. The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras / With James L. Powell
- 6. Employment, Hours, and Earnings in the Depression: An Analysis of Eight Manufacturing Industries
- 7. Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe? / With Martin Parkinson
- 8. Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries / With Martin Parkinson
- 9. Nominal Wage Stickiness and Aggregate Supply in the Great Depression / With Kevin Carey
- Index
