Bernanke Essays on the Great Depression

Course Book
ISBN: 978-1-4008-2027-6
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 320 Seiten

Ben S. Bernanke is a member of the Board of Governors of the U.S. Federal Reserve System. He is on leave from Princeton University, where he is the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs. He is author of many publications and coauthor of the recent Princeton University Press book, Inflation Targeting: Lessons from the International Experience.

Autoren/Hrsg.

Bernanke, Ben S.

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte

Inhaltsverzeichnis

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

Über Autor(innen)

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).