Ben bernanke depression thesis
Great Depression a hot seller. The Depression-era problems he studied are mirrored by similar issues today, and they need urgent attention. Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating.
With all the talk about the Great Depression lately, I thought it would be worthwhile to get an opinion on what caused the first one.
It comes to us courtesy of Marriner.
Eccles, the Chairman of the Federal Reserve from 1934 to1948 - think of him as the Ben Bernanke of his day.
Ben Bernanke has just been revealed on record as insisting that the financial crash of 2008 was actually worse than the Great Depression itself.
Please note you've to add our email to approved e-mail addresses. Not only is he technically proficient but his ability to place his results in a larger macroeconomic context is unparalleled. (For some reason Macroeconomic textbooks seem to ignore both Beranke and Eichengreen's work - I don't know why).
Bernanke notes that understanding that period is the 'holy grail of macroeconomics.' -Spencer Jakab, Dow Jones Newswires "This influential body of work is a significant contribution to our understanding the depth and persistence of the Great Depression. One line from his. His papers demonstrate conclusively that the international view of the great depression has impressive explanatory power." -Peter Temin, Massachusetts Institute of Technology. Bernanke's motive was that understanding the depression would provide important clues to what can go wrong with capitalist market systems. The essays are essentially a synthesis of prior work with greater mathematical rigor. Mark Toma, Financial History Review,. Samuel Brittan, Financial Times, the financial crisis has made Federal Reserve Chairman Ben Bernanke's book. Year: 2000, language: English.
Ben bernanke depression thesis
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