Higher member bank reserve ratios in 1936 and 1937 did not cause the relapse into depression

Journal of Post Keynesian Economics

Volumn 24, Issue 2, 2001, Pages 205-216

  Telser, L G ^a  

^a NONE

Author keywords

Federal reserve policy; Great depression

Indexed keywords

EID: 0041081031     PISSN: 01603477     EISSN: None     Source Type: Journal    
DOI: 10.1080/01603477.2001.11490323     Document Type: Article

References (11)

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2. Bernanke, B.S. "Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression." American Economic Review, June 1983, 73, 257-276.
3. Burns, A.R. The Decline of Competition. New York: McGraw-Hill, 1936.
4. Cagan, P. Determinants and Effects of Changes in the Stock of Money, 1875-1960. New York: National Bureau of Economic Research, 1965.
5. Cecchetti, S.O. "The Case of the Negative Nominal Interest Rate: New Estimates of the Term Structure of Interest Rates During the Great Depression." Journal of Political Economy, December 1988, 96, 111-141.
6. Firestone, J.M. Federal Receipts and Expenditures During Business Cycles: 1879-1958. Princeton: Princeton University Press, 1960.
7. Friedman, M., and Schwartz, A.J. A Monetary History of the United States 1867-1960. Princeton: National Bureau of Economic Research, 1963.
8. Himmelberg, R.F. The Origins of the National Recovery Administration. New York: Fordham University Press, 1993.
9. Historical Statistics of the United States. Washington, DC: U.S. Government Printing Office, 1975.
10. Riefler, W.W.; Friday, D.; Lichtenstein, W.; and Riddle, J.H. "A Program of Financial Research." National Bureau of Economic Research Bulletin, May 1937, 64, 1-22.
11. Telser, L.G. "The Veterans' Bonus of 1936 and the Abortive Recovery from the Great Depression." Working Paper No. 165, George J. Stigler Center for the Study of the Economy and the State. University of Chicago, 2001.