Financial frictions and employment during the great depression
We provide new evidence that a disruption in credit supply played a quantitatively significant
role in the unprecedented contraction of employment during the Great Depression using a …
role in the unprecedented contraction of employment during the Great Depression using a …
Did bank distress stifle innovation during the Great Depression?
R Nanda, T Nicholas - Journal of Financial Economics, 2014 - Elsevier
We find a negative relationship between bank distress and the level, quality and trajectory of
firm-level innovation during the Great Depression, particularly for R&D firms operating in …
firm-level innovation during the Great Depression, particularly for R&D firms operating in …
Monetary intervention mitigated banking panics during the great depression: quasi-experimental evidence from a federal reserve district border, 1929–1933
G Richardson, W Troost - Journal of Political Economy, 2009 - journals.uchicago.edu
The Federal Reserve Act divided Mississippi between the 6th (Atlanta) and 8th (St. Louis)
Districts. During the Great Depression, these districts' policies differed. Atlanta championed …
Districts. During the Great Depression, these districts' policies differed. Atlanta championed …
[图书][B] Handbook of macroeconomics
JB Taylor, M Woodford - 1999 - books.google.com
Part 6: Financial Markets and the Macroeconomy. 19. Asset prices, consumption, and the
business cycle (JY Campbell). 20. Human behavior and the efficiency of the financial system …
business cycle (JY Campbell). 20. Human behavior and the efficiency of the financial system …
Fiscal and financial crises
MD Bordo, CM Meissner - Handbook of macroeconomics, 2016 - Elsevier
Interconnections between banking crises and fiscal crises have a long history. We document
the long-run evolution from classic banking panics toward modern banking crises where …
the long-run evolution from classic banking panics toward modern banking crises where …
[图书][B] The great recession: market failure or policy failure?
RL Hetzel - 2012 - books.google.com
Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge
University Press, 2008), the intellectual consensus that had characterized macroeconomics …
University Press, 2008), the intellectual consensus that had characterized macroeconomics …
Network contagion and interbank amplification during the Great Depression
KJ Mitchener, G Richardson - Journal of Political Economy, 2019 - journals.uchicago.edu
Interbank networks amplified the contraction in lending during the Great Depression. Panics
induced banks in the hinterland to withdraw interbank deposits from Federal Reserve …
induced banks in the hinterland to withdraw interbank deposits from Federal Reserve …
Sovereign debt in the 21st century: looking backward, looking forward
KJ Mitchener, C Trebesch - 2021 - papers.ssrn.com
How will sovereign debt markets evolve in the 21st century? We survey how the literature
has responded to the eurozone debt crisis, placing" lessons learned" in historical …
has responded to the eurozone debt crisis, placing" lessons learned" in historical …
Arresting banking panics: Federal Reserve liquidity provision and the forgotten panic of 1929
M Carlson, KJ Mitchener… - Journal of Political …, 2011 - journals.uchicago.edu
Scholars differ on whether central bank intervention mitigates banking panics. In April 1929,
a fruit fly infestation in Florida forced the US government to quarantine fruit shipments from …
a fruit fly infestation in Florida forced the US government to quarantine fruit shipments from …
Back to the future: Backtesting systemic risk measures during historical bank runs and the great depression
We evaluate the performance of two popular systemic risk measures, CoVaR and SRISK,
during eight financial panics in the era before FDIC insurance. Bank stock price and balance …
during eight financial panics in the era before FDIC insurance. Bank stock price and balance …