Title of article :
Businesscycleco-movement:EvidencefromtheGreatDepression
Author/Authors :
Gabriel P. Mathy، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2011
Abstract :
Recentanalysisfocusesonthegoldstandardasachannelforthetransmissionofthe
Great Depression.Tradelinkages,whichloomlargeintherecentliterature,playa
smallerrole.Boththegoldstandardandtradewereassociatedwithhigherco-move-
ment atthebilaterallevelduringtheentireinterwarperiod.Wedocumentthatfixed
exchangeratesandtrademadeacomebackafter1932,butco-movementdeclined.The
fall after1932appearstobedrivenbytheriseofsmallerblocsbasedonmonetaryand
trade cooperationandanaccompanyingfallinco-movementbetweenblocs
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics