About this document
Monetary Policy During the Great Contraction by kirchy is a document available to read on EtoBox.
This document provides context for a chapter from the 1965 book "The Great Contraction, 1929-33" by Milton Friedman and Anna J. Schwartz. The chapter examines why monetary policy during the 1929-1933 period was so ineffective in responding to the economic crisis of the Great Depression. It notes that the actions needed to prevent a monetary collapse were well understood based on previous studies and the Federal Reserve Act, but that the Federal Reserve failed to implement appropriate policies like expanding
- Author
- kirchy
- Language
- EN