The Great Depression and the Friedman-Schwartz hypothesis

Lawrence Christiano, Roberto Motto and Massimo Rostagno ()

Proceedings, 2003, 1119-1215

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 (search for similar items in EconPapers)
Date: 2003
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Working Paper: The Great Depression and the Friedman-Schwartz hypothesis (2004)
Working Paper: The Great Depression and the Friedman-Schwartz hypothesis (2004)
Working Paper: The Great Depression and the Friedman-Schwartz Hypothesis (2004)
Working Paper: The Great Depression and the Friedman-Schwartz Hypothesis (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcpr:y:2003:p:1119-1215

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