Construct · 1 fields · 1 citations

monetary hypothesis of the Great Depression: a standalone construct

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Economic history

thesis that the collapse in the money stock, driven by bank failures and Federal Reserve inaction, explains the severity of the Great Contraction.

In economic history, monetary hypothesis of the Great Depression refers to thesis that the collapse in the money stock, driven by bank failures and Federal Reserve inaction, explains the severity of the Great Contraction. This meaning comes from Friedman (1963) in A monetary history of the United States, 1867-1960.[1]

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Nearby constructs

bank1 fields · 1 citationsanchor · a standalone construct collapse4 fields · 5 citationsjingle · one word, four constructs contraction4 fields · 4 citationsjingle · one word, four constructs

References

Friedman, M. (1963). A monetary history of the United States, 1867-1960. Princeton University Press. ISBN 9780691003542

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