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Bank Failures and Output During the Great Depression

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NBER2013-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19418
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In response to the Financial Crisis of 2008, macroeconomic policymakers employed a range of tools designed to prevent failures of large, complex financial institutions ("banks"). The Treasury and the Fed justified these actions by arguing that bank failures exacerbate output declines, rather than
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2013-09-01
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