Was the Federal Reserve Fettered? Devaluation Expectations in the 1932 Monetary Expansion
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https://www.nber.org/papers/w8113
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资源简介:
A key question about the Great Depression is whether expansionary monetary policy in the United States would have led to a loss of confidence in the U. S. commitment to the gold standard. This paper uses the $1 billion expansionary open market operation undertaken in the spring of 1932 as a crucial
提供机构:
美国国家经济研究局
创建时间:
2001-02-01



