Conference Paper
The Great Depression and the Friedman-Schwartz hypothesis
Abstract: We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression.
Keywords: Monetary policy; economic conditions - United States; Depressions;
Status: Published in Journal of money, credit, and banking, volume 35, no. 6, pt. 2, December 2003
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Proceedings
Publication Date: 2003
Pages: 1119-1215