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Money and Interest Rates in the United States during the Great Depression

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NBER2010-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16204
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This paper reexamines the debate over whether the United States fell into a liquidity trap in the 1930s. We first review the literature on the liquidity trap focusing on Keynes's discussion of "absolute liquidity preference" and the division that soon emerged between Keynes, who believed that a
提供机构:
美国国家经济研究局
创建时间:
2010-07-01
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