Macro II â Chapter 4 â The Great Depression. 1. Chapter 4. The Great Depression. Main references : ⢠Cole and Ohanian (1999), Minneapolis Fed Quarterly ...
Main references : • Cole and Ohanian (1999), Minneapolis Fed Quarterly Review, • Prescott (1999), Minneapolis Fed Quarterly Review • Beaudry and Portier (2002), Review of Economic Dynamics, • Review of Economic Dynamics, "Great Depressions of the 20th Century" volume (2002) • Chari, Kehoe, and McGrattan (2003), Minneapolis Fed Quarterly Review
Macro II – Chapter 4 – The Great Depression
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Facts
1.1 1.1.1
GDP France & the U.S.
• First look at the raw series (constant dollars) • Then deflate by population growth and “normal growth” • Normal growth? • US: 1.19% per year, which is the average per capita growth over 1919-1929 and 1947-1997 • France: 2.98% • ...but not such a big issue...
Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
1.1.2
Some Other Countries
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Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
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Macro II – Chapter 4 – The Great Depression
1.2
Some More Variables
• What to observe? 1. Similarities across countries (here France and the US) 2. Investment drop, Gvt expenditures increase 3. Quite proportional drop of exports and imports 4. Fall in employment, and much larger one in worked hours 5. Deflation, but no real money supply contraction 6. Rigid real wages
14 avr. 1997 - 1965, when the French began large-scale conversions of dollars into ..... restore external balance was âOperation Twistâ--an attempt to raise ...
Feb 15, 2001 - A deflation is a decline in the level of prices, that is, a negative inflation rate. Two decades ago, worrying about defla- tion was like worrying ...
they introduced a 33 and 1/3 levy on luxury imports, notably on cars and components ... the treasury view ruled out the idea of running a deficit to finance extensive ... Beveridge emphasized 5 giant evils in his report : want ... Small businessman w
14 avr. 1997 - The most importantchange for monetary policy stemming from the Great Depression .... forobjectives other thanto secure earning assets evolved in the early ..... levels of market interest rates and the net borrowed, or âfree,â ...
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Antamina mines (Chimu Formation, Valanginian) exhibits large ornithopod trackways, preserved in either concave or convex hyporelief. These footprints are ...
I, = E /[1lG + sZ + 1/(sC)] =0.21[0.5 + 3s+ 1/(5s)]. (4.21). It follows from Figure 4.4 that the output current of the series resonant circuit is eed given by this equation.
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14 avr. 1997 - until two and one-half weeks after Britain suspended gold payments and the United States had experienced heavy gold outflows. As further evidence, he cites meetingrecords of the board of directors of the Federal Reserve Bank ofNew York
14 avr. 1997 - ... gold payments and the United States had experienced heavy gold outflows. As further evidence, he cites meetingrecords of the board of directors of the Federal Reserve Bank ofNew York in which George Harrison, Governor of the. New Y
"At the Time of the Louisville Flood" (Kentucky), by Margaret Bourke-White. February 15, 1937 issue of Life magazine. Flood victims lined up to get food and ...
it's one of the most iconic photography in U.S. history2 : âthat picture has, for generations .... "As the echoes of the old debate - is photography an art? - die away ...
much detail as you can about their personal life and military career (pages 5 & 6). ... The best starting place for this project is talking to relatives; find out if they are aware of anyone in your family ... Name of Wife/Husband. Names of Children.
The Great English Divide. In Europe ... English. Sanz learned fast, and by senior year he outscored most of ... international language of business, finance, and ...
1. Assemble the WLAN antennas on LCD back cover and well arrange the antenna cables through cable guides, then paste 3 pieces of tape. L C D. M O D U L E.
Def 1: A parallelogram is a quadrilateral with two pairs of parallel sides. Attention: big mistake: do not mix up parallelograms and quadrilaterals : a quadrilateral ...
a hão hán I set up a trip to China to see the Great Wall and fulfill those gem sayings. It was a .... that's why they occupied us for a thousand years : to civilize us!
the human eye and the human visual cortex is highly developed, to the point ..... It is interesting to speculate about when genetic patterns will have a complex ...
true fragment position by computing the exact vectors from light or camera to .... obtained with the cross product of the normal and the tangent vector, and is.
we shall derive a simple test for determining whether or not a pin-jointed truss is .... If Eq. (4.1) is satisfied, the truss is constructed from a series of statically.
