EconPapers    
Economics at your fingertips  
 

The Great Depression in Belgium from a Neoclassical Perspective

Luca Pensieroso

Review of Economic Dynamics, 2011, vol. 14, issue 2, 389-402

Abstract: This article casts the Belgian Great Depression of the 1930s within a dynamic stochastic general equilibrium (DSGE) framework. The results show that a DSGE model with total factor productivity and monetary shocks, coupled with sticky nominal wages a la Taylor is able to account reasonably well for most of the data on the Depression, but it overestimates real wages. (Copyright: Elsevier)

Keywords: Great Depression; Belgium; Sticky wages; Dynamic stochastic general equilibrium (search for similar items in EconPapers)
JEL-codes: E13 N14 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://dx.doi.org/10.1016/j.red.2010.10.004
Access to full texts is restricted to ScienceDirect subscribers and institutional members. See http://www.sciencedirect.com/ for details.

Related works:
Software Item: Code and data files for "The Great Depression in Belgium from a Neoclassical Perspective" (2010) Downloads
Working Paper: The Great Depression in Belgium from a Neo-Classical Perspective (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:issued:07-112

Ordering information: This journal article can be ordered from
https://www.economic ... ription-information/

DOI: 10.1016/j.red.2010.10.004

Access Statistics for this article

Review of Economic Dynamics is currently edited by Loukas Karabarbounis

More articles in Review of Economic Dynamics from Elsevier for the Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

 
Page updated 2024-12-28
Handle: RePEc:red:issued:07-112