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Closed for the holiday: the bank holiday of 1933

Recaps events leading to the collapse of American banking in March 1933 and describes federal efforts to restore public confidence.

Journal Article
Review essay on The Great Depression: America in the 1930s by T.H. Watkins, 1993

Regional Review , Issue Spr , Pages 26

Conference Paper
Debt repudiation and costs of financial distress: evidence from the Great Depression

Proceedings , Paper 615

Depression - its causes, effects and suggested remedies

Speech delivered to the Utah State Bankers Convention.
Speech , Paper 601

Working Paper
Money, sticky wages, and the Great Depression

This paper examines the ability of a simple stylized general equilibrium model that incorporates nominal wage rigidity to explain the magnitude and persistence of the Great Depression in the United States. The impulses to our analysis are money supply shocks. The Taylor contracts model is surprisingly successful in accounting for the behavior of major macroaggregates and real wages during the downturn phase of the Depression, i.e., from 1929:3 through mid-1933. Our analysis provides support for the hypothesis that a monetary contraction operating through a sticky wage channel played a ...
Working Paper Series, Macroeconomic Issues , Paper WP-97-02

Working Paper
Labor productivity during the Great Depression

Working Paper Series, Macroeconomic Issues , Paper 93-10

Conference Paper
Public policy and the evolution of banking markets

Proceedings , Paper 237

Conference Paper
The Fed's failure to act as lender of last resort during the Great Depression, 1929-1933

Proceedings , Paper 233

Conference Paper
Contagion and bank failures during the Great Depression: the June 1932 Chicago banking panic.

Proceedings , Paper 451


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Wheelock, David C. 9 items

Ohanian, Lee E. 8 items

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Cole, Harold L. 5 items

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