Essays on the Great Depression
1st Edition
Published on 10. January 2009
320 pages
978-1-4008-2027-6 (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. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.
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. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.
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More details
Edition
Course Book
Language
English
Place of publication
Princeton, NJ
United States
Publishing group
De Gruyter
Target group
Professional and scholarly
Edition type
Digital original
Product notice
Reflowable
Illustrations
11 b/w illus. 48 tables.
File size
3,35 MB
ISBN-13
978-1-4008-2027-6 (9781400820276)
Schweitzer Classification
Other editions
Additional editions
Ben S. Bernanke
Essays on the Great Depression
Book
01/2024
Princeton University Press
€21.50
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Ben S. Bernanke
Essays on the Great Depression
Book
01/2004
Princeton University Press
€44.00
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Ben S. Bernanke
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04/2000
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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
Preface vii
PART ONE: OVERVIEW 3
1. The Macroeconomics of the Great Depression: A Comparative Approach 5
PART TWO: MONEY AND FINANCIAL MARKETS 39
2. Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression 41
3. The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison - With Harold James 70
4. Deflation and Monetary Contraction in the Great Depressim An Analysis by Simple Ratios - With Ilian Mihov 108
PART THREE: LABOR MARKETS 161
5. The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras - With James L. Powell 163
6. Employment, Hours, and Earnings in the Depression: An Analysis of Eight Manufacturing Industries 206
7. Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe? - With Martin Parkinson 247
8. Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries - With Martin Parkinson 255
9. Nominal Wage Stickiness and Aggregate Supply in the Great Depression - With Kevin Carey 276
Index 303
PART ONE: OVERVIEW 3
1. The Macroeconomics of the Great Depression: A Comparative Approach 5
PART TWO: MONEY AND FINANCIAL MARKETS 39
2. Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression 41
3. The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison - With Harold James 70
4. Deflation and Monetary Contraction in the Great Depressim An Analysis by Simple Ratios - With Ilian Mihov 108
PART THREE: LABOR MARKETS 161
5. The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras - With James L. Powell 163
6. Employment, Hours, and Earnings in the Depression: An Analysis of Eight Manufacturing Industries 206
7. Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe? - With Martin Parkinson 247
8. Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries - With Martin Parkinson 255
9. Nominal Wage Stickiness and Aggregate Supply in the Great Depression - With Kevin Carey 276
Index 303
