Supply-Side Policies in the Depression: Evidence from France
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The effects of supply-side policies in depressed economies are controversial. We shed light on this debate using evidence from France in the 1930s. In 1936, France departed from the gold standard and implemented mandatory wage increases and hours restrictions. Deflation ended but output stagnated.
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美国国家经济研究局创建时间：
2016-04-01
