It describes the causes of the depression, why it was sowidespread and prolonged, and what brought about eventual recovery.Peter Temin also finds parallelsin recent history, in the relentless deflationary course followed by the U.S. Federal ...

This paper reviews the theoretical functions, history, and policy problems raised by the international capital market.

In this book, the economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes's insights to today's global economy and offers readers a way to understand current policy debates.

The question, given this, is why didn't policymakers do better? Hall of Mirrors, Barry Eichengreen's monumental twinned history of the two crises, provides the farthest-reaching answer to this question to date.

Temin and Vines make a compelling case that we are now at another such juncture. Policymakers have signally failed to come to grips with the depth of this crisis--they would be well advised to read this book.

Recently, research on the causes of the Great Depression has shifted from a heavy emphasis on events in the United States to a broader, more comparative approach that examines the interwar experiences of many countries simultaneously.

Bank failures during banking crises, in theory, can result either from unwarranted depositor withdrawals during events characterized by contagion or panic, or as the result of fundamental bank insolvency.

" In The American Business Cycle, some of the most prominent macroeconomics in the United States focuses on the questions, To what extent are business cycles propelled by external shocks?

This paper examines the ability of a simple stylized general equilibrium model that incorporates nominal wage rigidity to explain the magnitude and persistence of the Great Depression in the United States.

This volume collects eleven papers doing exactly that and more.