The Gold Standard, Deflation, and Financial Crisis in the Great Depression: A...Achim Braunsteffer
1990 NBER paper by Ben Bernanke and Harold James studying the transmission channels linking deflation and depression. The "mismanaged interwar gold standard" inevitably caused both deflation and depression, their major contribution is the analysis of the role of major banking panics.
The Gold Standard, Deflation, and Financial Crisis in the Great Depression: A...Achim Braunsteffer
1990 NBER paper by Ben Bernanke and Harold James studying the transmission channels linking deflation and depression. The "mismanaged interwar gold standard" inevitably caused both deflation and depression, their major contribution is the analysis of the role of major banking panics.
