메뉴 건너뛰기




Volumn 98, Issue 4, 2008, Pages 1476-1516

Great expectations and the end of the depression

Author keywords

[No Author keywords available]

Indexed keywords


EID: 53349177191     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.98.4.1476     Document Type: Article
Times cited : (233)

References (80)
  • 1
    • 34247345800 scopus 로고    scopus 로고
    • Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates
    • Adam, Klaus, and Roberto M. Billi. 2007. "Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates." Journal of Monetary Economics, 54(3): 728-52.
    • (2007) Journal of Monetary Economics , vol.54 , Issue.3 , pp. 728-752
    • Adam, K.1    Billi, R.M.2
  • 2
    • 0142215929 scopus 로고    scopus 로고
    • Albanesi, Stefani, V. V. Chari, and Lawrence L. Christiano. 2003. Expectation Traps and Monetary Policy. Review of Economic Studies, 70(4): 715-41.
    • Albanesi, Stefani, V. V. Chari, and Lawrence L. Christiano. 2003. "Expectation Traps and Monetary Policy." Review of Economic Studies, 70(4): 715-41.
  • 3
    • 20444367717 scopus 로고    scopus 로고
    • The Case for Open-Market Purchases in a Liquidity Trap
    • Auerbach, Alan J., and Maurice Obstfeld. 2005. "The Case for Open-Market Purchases in a Liquidity Trap." American Economic Review, 95(1): 110-37.
    • (2005) American Economic Review , vol.95 , Issue.1 , pp. 110-137
    • Auerbach, A.J.1    Obstfeld, M.2
  • 4
    • 84881728487 scopus 로고
    • Money and the Price Level under the Gold Standard
    • Barro, Robert J. 1979a. "Money and the Price Level under the Gold Standard." Economic Journal, 89(353): 13-33.
    • (1979) Economic Journal , vol.89 , Issue.353 , pp. 13-33
    • Barro1    Robert, J.2
  • 5
    • 0000841798 scopus 로고
    • On the Determination of the Public Debt
    • Barro, Robert J. 1979b. "On the Determination of the Public Debt." Journal of Political Economy, 87(5): 940-71.
    • (1979) Journal of Political Economy , vol.87 , Issue.5 , pp. 940-971
    • Barro, R.J.1
  • 6
    • 84983958104 scopus 로고
    • A Positive Theory of Monetary Policy in a Natural Rate Model
    • Barro, Robert J., and David B. Gordon. 1983. "A Positive Theory of Monetary Policy in a Natural Rate Model." Journal of Political Economy, 91(4): 589-610.
    • (1983) Journal of Political Economy , vol.91 , Issue.4 , pp. 589-610
    • Barro, R.J.1    Gordon, D.B.2
  • 7
    • 0001519157 scopus 로고
    • Fiscal Policy in General Equilibrium
    • Baxter, Marianne, and Robert G. King. 1993. "Fiscal Policy in General Equilibrium." American Economic Review, 83(3): 315-34.
    • (1993) American Economic Review , vol.83 , Issue.3 , pp. 315-334
    • Baxter, M.1    King, R.G.2
  • 8
    • 0001114148 scopus 로고
    • Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression
    • Bernanke, Ben S. 1983. "Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression." American Economic Review, 73(3): 257-76.
    • (1983) American Economic Review , vol.73 , Issue.3 , pp. 257-276
    • Bernanke, B.S.1
  • 10
    • 0000174465 scopus 로고
    • The Solution of Linear Difference Models Under Rational Expectations
    • Blanchard, Olivier J., and Charles M. Kahn. 1980. "The Solution of Linear Difference Models Under Rational Expectations." Econometrica, 48(5): 1305-11.
    • (1980) Econometrica , vol.48 , Issue.5 , pp. 1305-1311
    • Blanchard, O.J.1    Kahn, C.M.2
  • 11
    • 0036158523 scopus 로고    scopus 로고
    • Was Expansionary Monetary Policy Feasible During the Great Contraction? An Examination of the Gold Standard Constraint
    • Bordo, Michael D., Ehsan U. Choudhri, and Anna J. Schwarz. 2002. "Was Expansionary Monetary Policy Feasible During the Great Contraction? An Examination of the Gold Standard Constraint." Explorations in Economic History, 39(1): 1-28.
    • (2002) Explorations in Economic History , vol.39 , Issue.1 , pp. 1-28
    • Bordo, M.D.1    Choudhri, E.U.2    Schwarz, A.J.3
  • 12
    • 0008150507 scopus 로고    scopus 로고
    • Bordo, Michael D., Christopher J. Erceg, and Charles L. Evans. 2000. Money, Sticky Wages, and the Great Depression. American Economic Review, 90(5): 1447-63.
    • Bordo, Michael D., Christopher J. Erceg, and Charles L. Evans. 2000. "Money, Sticky Wages, and the Great Depression." American Economic Review, 90(5): 1447-63.
  • 13
    • 0012618168 scopus 로고
    • Fiscal Policy in the 'Thirties: A Reappraisal
    • Brown, Cary. 1956, "Fiscal Policy in the 'Thirties: A Reappraisal," American Economic Review, 46(3): 857-79.
    • (1956) American Economic Review , vol.46 , Issue.3 , pp. 857-879
    • Brown, C.1
  • 15
    • 0000403556 scopus 로고
    • On the Time Consistency of Optimal Policy in a Monetary Economy
    • Calvo, Guillermo A. 1978. "On the Time Consistency of Optimal Policy in a Monetary Economy." Econometrica, 46(6): 1411-28.
    • (1978) Econometrica , vol.46 , Issue.6 , pp. 1411-1428
    • Calvo, G.A.1
  • 16
    • 48749143178 scopus 로고
    • Staggered Prices in a Utility-Maximizing Framework
    • Calvo, Guillermo A. 1983. "Staggered Prices in a Utility-Maximizing Framework." Journal of Monetary Economics, 12(3): 383-98.
    • (1983) Journal of Monetary Economics , vol.12 , Issue.3 , pp. 383-398
    • Calvo, G.A.1
  • 17
    • 84934349184 scopus 로고
    • The Case of the Negative Nominal Interest Rates: New Estimates of the Term Structure of Interest Rates During the Great Depression
    • Cecchetti, Stephen G. 1988. "The Case of the Negative Nominal Interest Rates: New Estimates of the Term Structure of Interest Rates During the Great Depression." Journal of Political Economy, 96(6): 1111-41.
    • (1988) Journal of Political Economy , vol.96 , Issue.6 , pp. 1111-1141
    • Cecchetti, S.G.1
  • 18
    • 0000766544 scopus 로고
    • Prices During the Great Depression: Was the Deflation of 1930-1932 Really Unanticipated?
    • Cecchetti, Stephen G. 1992. "Prices During the Great Depression: Was the Deflation of 1930-1932 Really Unanticipated?" American Economic Review, 82(1): 141-56.
    • (1992) American Economic Review , vol.82 , Issue.1 , pp. 141-156
    • Cecchetti, S.G.1
  • 19
    • 33747052444 scopus 로고    scopus 로고
    • The Zero-Bound, Low Inflation, and Output Collapse
    • Unpublished
    • Christiano, Lawrence, J. 2004. "The Zero-Bound, Low Inflation, and Output Collapse." Unpublished.
    • (2004)
    • Christiano, L.J.1
  • 20
    • 15844392342 scopus 로고    scopus 로고
    • Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    • Christiano, Lawrence J., Martin Eichenbaum, and Charles L. Evans. 2005. "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy." Journal of Political Economy, 113(1): 1-45.
    • (2005) Journal of Political Economy , vol.113 , Issue.1 , pp. 1-45
    • Christiano, L.J.1    Eichenbaum, M.2    Evans, C.L.3
  • 21
  • 22
    • 0040364531 scopus 로고    scopus 로고
    • The Science of Monetary Policy: A New Keynesian Perspective
    • Clarida, Richard, Jordi Gali, and Mark Gertler. 1999. "The Science of Monetary Policy: A New Keynesian Perspective." Journal of Economic Literature, 37(4): 1661-1707.
    • (1999) Journal of Economic Literature , vol.37 , Issue.4 , pp. 1661-1707
    • Clarida, R.1    Gali, J.2    Gertler, M.3
  • 23
    • 4544279195 scopus 로고    scopus 로고
    • New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
    • Cole, Harold L., and Lee Ohanian. 2004. "New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis." Journal of Political Economy, 112(4): 779-816.
    • (2004) Journal of Political Economy , vol.112 , Issue.4 , pp. 779-816
    • Cole, H.L.1    Ohanian, L.2
  • 25
    • 0001463910 scopus 로고
    • Is Increased Price Flexibility Stabilizing?
    • De Long, James Bradford, and Lawrence H. Summers. 1986. "Is Increased Price Flexibility Stabilizing?" American Economic Review, 76(5): 1031-44.
    • (1986) American Economic Review , vol.76 , Issue.5 , pp. 1031-1044
    • Long, D.1    Bradford, J.2    Summers, L.H.3
  • 26
    • 33645794179 scopus 로고    scopus 로고
    • The Deflation Bias and Committing to Being Irresponsible
    • Eggertsson, Gauti. 2006. "The Deflation Bias and Committing to Being Irresponsible." Journal of Money, Credit, and Banking, 38(2): 283-321.
    • (2006) Journal of Money, Credit, and Banking , vol.38 , Issue.2 , pp. 283-321
    • Eggertsson, G.1
  • 27
    • 53349099742 scopus 로고    scopus 로고
    • Great Expectations and the End of the Depression: Extended version,
    • Eggertsson, Gauti. 2007a. "Great Expectations and the End of the Depression: Extended version," Federal Reserve Bank of New York Staff Report 234.
    • (2007) Federal Reserve Bank of New York Staff Report , vol.234
    • Eggertsson, G.1
  • 29
    • 53349146259 scopus 로고    scopus 로고
    • The Mistake of 1937: A General Equilibrium Analysis
    • Eggertsson, Gauti, and Benjamin Pugsley. 2006. "The Mistake of 1937: A General Equilibrium Analysis." Monetary and Economic Studies, 24(S1): 151-90.
    • (2006) Monetary and Economic Studies , vol.24 , Issue.S1 , pp. 151-190
    • Eggertsson, G.1    Pugsley, B.2
  • 31
    • 0043241015 scopus 로고    scopus 로고
    • The Zero Bound on Interest Rates and Optimal Monetary Policy
    • Eggertsson, Gauti, and Michael Woodford. 2003. "The Zero Bound on Interest Rates and Optimal Monetary Policy." Brookings Papers on Economic Activity(1): 139-211.
    • (2003) Brookings Papers on Economic Activity , vol.1 , pp. 139-211
    • Eggertsson, G.1    Woodford, M.2
  • 33
    • 84974080768 scopus 로고
    • Exchange Rates and Economic Recovery in the 1930s
    • Eichengreen, Barry, and Jeffrey Sachs. 1985. "Exchange Rates and Economic Recovery in the 1930s." Journal of Economic History, 45(4): 925-46.
    • (1985) Journal of Economic History , vol.45 , Issue.4 , pp. 925-946
    • Eichengreen, B.1    Sachs, J.2
  • 36
    • 53349128084 scopus 로고    scopus 로고
    • Budget Deficits and Inflation: A Theoretical and Empirical Survey
    • Fujiki, Hiroshi. 2001. "Budget Deficits and Inflation: A Theoretical and Empirical Survey." Monetary and Economic Studies, 19(1): 49-87.
    • (2001) Monetary and Economic Studies , vol.19 , Issue.1 , pp. 49-87
    • Fujiki, H.1
  • 37
    • 27844506479 scopus 로고    scopus 로고
    • Optimal Inflation-Targeting Rules
    • ed. Ben S. Bernanke and Michael Woodford, Chicago: University of Chicago Press
    • Giannoni, Marc P., and Michael Woodford. 2005. "Optimal Inflation-Targeting Rules." In The InflationTargeting Debate, ed. Ben S. Bernanke and Michael Woodford, 93-162. Chicago: University of Chicago Press.
    • (2005) The InflationTargeting Debate , pp. 93-162
    • Giannoni, M.P.1    Woodford, M.2
  • 38
    • 0347799008 scopus 로고    scopus 로고
    • The New Neoclassical Synthesis and the Role of Monetary Policy
    • ed. Ben S. Bernanke and Julio J. Rotemberg, Cambridge, MA: MIT Press
    • Goodfriend, Marvin, and Robert G. King. 1997. "The New Neoclassical Synthesis and the Role of Monetary Policy." In NBER Macroeconomics Annual 1997, ed. Ben S. Bernanke and Julio J. Rotemberg, 231-83. Cambridge, MA: MIT Press.
    • (1997) NBER Macroeconomics Annual 1997 , pp. 231-283
    • Goodfriend, M.1    King, R.G.2
  • 39
    • 0003683829 scopus 로고
    • Was the Deflation During the Great Depression Anticipated? Evidence from the Commodity Futures Market
    • Hamilton, James D. 1992. "Was the Deflation During the Great Depression Anticipated? Evidence from the Commodity Futures Market." American Economic Review, 82(1): 157-78.
    • (1992) American Economic Review , vol.82 , Issue.1 , pp. 157-178
    • Hamilton, J.D.1
  • 40
    • 33748939766 scopus 로고    scopus 로고
    • Did Sunspot Forces Cause the Great Depression?
    • Harrison, Sharon G., and Mark Weder. 2006. "Did Sunspot Forces Cause the Great Depression?" Journal of Monetary Economics, 53(7): 1327-39.
    • (2006) Journal of Monetary Economics , vol.53 , Issue.7 , pp. 1327-1339
    • Harrison, S.G.1    Weder, M.2
  • 41
    • 0001156554 scopus 로고
    • Mr. Keynes and the Classics
    • Hicks, John.1937. "Mr. Keynes and the Classics." Econometrica, 5(2): 147-59.
    • (1937) Econometrica , vol.5 , Issue.2 , pp. 147-159
    • Hicks, J.1
  • 44
    • 35448992518 scopus 로고    scopus 로고
    • Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank
    • Jeanne, Olivier, and Lars E. O. Svensson. 2007. "Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank." American Economic Review, 97(1): 474-90.
    • (2007) American Economic Review , vol.97 , Issue.1 , pp. 474-490
    • Jeanne, O.1    Svensson, L.E.O.2
  • 46
    • 10644282021 scopus 로고    scopus 로고
    • Monetary Discretion, Pricing Complementary, and Dynamic Multiple Equilibria
    • King, Robert G., and Alexander L. Wolman. 2004. "Monetary Discretion, Pricing Complementary, and Dynamic Multiple Equilibria." Quarterly Journal of Economics, 119(4): 1513-53.
    • (2004) Quarterly Journal of Economics , vol.119 , Issue.4 , pp. 1513-1553
    • King, R.G.1    Wolman, A.L.2
  • 47
    • 33846606868 scopus 로고    scopus 로고
    • Time-Consistent Public Expenditures
    • Unpublished
    • Klein, Paul, Per Krusell, and José Victor Ríos Rull. 2007. "Time-Consistent Public Expenditures." Unpublished.
    • (2007)
    • Klein, P.1    Krusell, P.2    Victor, J.3    Rull, R.4
  • 48
    • 0032243738 scopus 로고    scopus 로고
    • It's Baaack: Japan's Slump and the Return of the Liquidity Trap
    • Krugman, Paul R. 1998. "It's Baaack: Japan's Slump and the Return of the Liquidity Trap." Brookings Papers on Economic Activity, (2): 137-87.
    • (1998) Brookings Papers on Economic Activity , vol.2 , pp. 137-187
    • Krugman, P.R.1
  • 50
    • 0000643498 scopus 로고
    • Rules Rather Than Discretion: The Inconsistency of Optimal Plans
    • Kydland, Finn E., and Edward C. Prescott. 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans." Journal of Political Economy, 85(3): 473-91.
    • (1977) Journal of Political Economy , vol.85 , Issue.3 , pp. 473-491
    • Kydland, F.E.1    Prescott, E.C.2
  • 51
    • 0001519332 scopus 로고
    • Time to Build and Aggregate Fluctuations
    • Kydland, Finn E., and Edward C. Prescott. 1982. "Time to Build and Aggregate Fluctuations." Econometrica, 50(6): 1345-70.
    • (1982) Econometrica , vol.50 , Issue.6 , pp. 1345-1370
    • Kydland, F.E.1    Prescott, E.C.2
  • 52
    • 0005228630 scopus 로고
    • Unemployment in the Great Depression: Is There a Full Explanation?
    • Lucas, Robert E., Jr., and Leonard A. Rapping. 1972. "Unemployment in the Great Depression: Is There a Full Explanation?" The Journal of Political Economy, 80(1): 186-91.
    • (1972) The Journal of Political Economy , vol.80 , Issue.1 , pp. 186-191
    • Lucas Jr., R.E.1    Rapping, L.A.2
  • 53
    • 0002226230 scopus 로고
    • Optimal Fiscal and Monetary Policy In an Economy without Capital
    • Lucas, Robert E., Jr., and Nancy L. Stokey. 1983. "Optimal Fiscal and Monetary Policy In an Economy without Capital." Journal of Monetary Economics, 12(1): 55-93.
    • (1983) Journal of Monetary Economics , vol.12 , Issue.1 , pp. 55-93
    • Lucas Jr., R.E.1    Stokey, N.L.2
  • 54
    • 0035190305 scopus 로고    scopus 로고
    • Markov Perfect Equilibrium
    • Maskin, Eric, and Jean Tirole. 2001. "Markov Perfect Equilibrium." Journal of Economic Theory, 100(2): 191-219.
    • (2001) Journal of Economic Theory , vol.100 , Issue.2 , pp. 191-219
    • Maskin, E.1    Tirole, J.2
  • 55
    • 0042726015 scopus 로고
    • Chicago: University of Chicago Press. 2003
    • Meltzer, Allan H. 2003. A History of the Federal Reserve. Volume 1. 1913-1951: Chicago: University of Chicago Press.
    • (1913) A History of the Federal Reserve , vol.1
    • Meltzer, A.H.1
  • 56
    • 34248216153 scopus 로고    scopus 로고
    • Expectations, Learning, and Macroeconomic Persistence
    • Milani, Fabio. 2007. "Expectations, Learning, and Macroeconomic Persistence." Journal of Monetary Economics, 54(7): 2065-82.
    • (2007) Journal of Monetary Economics , vol.54 , Issue.7 , pp. 2065-2082
    • Milani, F.1
  • 57
    • 37849004271 scopus 로고    scopus 로고
    • Five Facts About Prices: A Reevaluation of Menu Cost Models
    • Unpublished
    • Nakamura, Emi, and Jon Steinsson. 2006. "Five Facts About Prices: A Reevaluation of Menu Cost Models." Unpublished.
    • (2006)
    • Nakamura, E.1    Steinsson, J.2
  • 58
    • 30944441195 scopus 로고    scopus 로고
    • Markov-Perfect Optimal Taxation
    • Ortigueira, Slavador. 2006. "Markov-Perfect Optimal Taxation." Review of Economic Dynamics, 9(1): 153-78.
    • (2006) Review of Economic Dynamics , vol.9 , Issue.1 , pp. 153-178
    • Ortigueira, S.1
  • 59
    • 79953322172 scopus 로고    scopus 로고
    • Three Lessons for Monetary Policy in a Low Inflation Era
    • Reifschneider, David, and John Williams. 2000. "Three Lessons for Monetary Policy in a Low Inflation Era." Journal of Money, Credit, and Banking, 32(4): 936-66.
    • (2000) Journal of Money, Credit, and Banking , vol.32 , Issue.4 , pp. 936-966
    • Reifschneider, D.1    Williams, J.2
  • 60
    • 0039584383 scopus 로고
    • World War I and the Postwar Depression: A Reinterpretation Based on Alternative Estimates of GNP
    • Romer, Christina D. 1988. "World War I and the Postwar Depression: A Reinterpretation Based on Alternative Estimates of GNP." Journal of Monetary Economics, 22(1): 91-115.
    • (1988) Journal of Monetary Economics , vol.22 , Issue.1 , pp. 91-115
    • Romer, C.D.1
  • 61
    • 43549121881 scopus 로고
    • The Great Crash and the Onset of the Great Depression
    • Romer, Christina D. 1990. "The Great Crash and the Onset of the Great Depression." Quarterly Journal of Economics, 105(3): 597-624.
    • (1990) Quarterly Journal of Economics , vol.105 , Issue.3 , pp. 597-624
    • Romer, C.D.1
  • 62
    • 84974126974 scopus 로고
    • What Ended the Great Depression?
    • Romer, Christina D. 1992. "What Ended the Great Depression?" Journal of Economic History, 52(4): 757-84.
    • (1992) Journal of Economic History , vol.52 , Issue.4 , pp. 757-784
    • Romer, C.D.1
  • 63
    • 53349146260 scopus 로고    scopus 로고
    • Roosevelt, Franklin. 1933a. Presidential Press Conference on April 19th 1933, In Complete Presidential Press Conferences of Franklin D. Roosevelt. Introduction by Jonathan Daniels, 152-61. New York: Da Capo Press 1972.
    • Roosevelt, Franklin. 1933a. "Presidential Press Conference on April 19th 1933," In Complete Presidential Press Conferences of Franklin D. Roosevelt. Introduction by Jonathan Daniels, 152-61. New York: Da Capo Press 1972.
  • 64
    • 53349175371 scopus 로고    scopus 로고
    • Roosevelt, Franklin. 1933b. Radio Address of the President on the 7th of May 1933. In The Public Papers and Addresses of Franklin D. Roosevelt, ed. Samuel I. Rosenman. New York: Random House 1938.
    • Roosevelt, Franklin. 1933b. "Radio Address of the President on the 7th of May 1933." In The Public Papers and Addresses of Franklin D. Roosevelt, ed. Samuel I. Rosenman. New York: Random House 1938.
  • 65
    • 53349099741 scopus 로고    scopus 로고
    • Roosevelt, Franklin. 1933c. Radio Address of the President on October 22cond 1933. In The Public Papers and Addresses of Franklin D. Roosevelt, ed. Samuel I. Rosenman. New York: Random House 1938.
    • Roosevelt, Franklin. 1933c. "Radio Address of the President on October 22cond 1933." In The Public Papers and Addresses of Franklin D. Roosevelt, ed. Samuel I. Rosenman. New York: Random House 1938.
  • 66
    • 0000292830 scopus 로고
    • Sticky Prices in the United States
    • Rotemberg, Julio J. 1982. "Sticky Prices in the United States." Journal of Political Economy, 90(6): 1187-1211.
    • (1982) Journal of Political Economy , vol.90 , Issue.6 , pp. 1187-1211
    • Rotemberg, J.J.1
  • 67
    • 0345982186 scopus 로고    scopus 로고
    • An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy
    • ed. Ben S. Bernanke and Julio J. Rotemberg, Cambridge, MA: MIT Press
    • Rotemberg, Julio J., and Michael Woodford. 1997. "An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy." NBER Macroeconomics Annual, ed. Ben S. Bernanke and Julio J. Rotemberg, 297-346. Cambridge, MA: MIT Press.
    • (1997) NBER Macroeconomics Annual , pp. 297-346
    • Rotemberg, J.J.1    Woodford, M.2
  • 68
    • 0002327186 scopus 로고
    • The Ends of Four Big Inflations
    • ed. Robert Hall, Chicago: University of Chicago Press
    • Sargent, Thomas J. 1983. "The Ends of Four Big Inflations." In Inflation: Causes and Effects, ed. Robert Hall, 41-97. Chicago: University of Chicago Press.
    • (1983) Inflation: Causes and Effects , pp. 41-97
    • Sargent, T.J.1
  • 70
    • 1342327674 scopus 로고    scopus 로고
    • Optimal Fiscal and Monetary Policy under Sticky Prices
    • Schmitt-Grohe, Stephanie, and Martin Uribe. 2004. "Optimal Fiscal and Monetary Policy under Sticky Prices." Journal of Economic Theory, 114(2): 198-230.
    • (2004) Journal of Economic Theory , vol.114 , Issue.2 , pp. 198-230
    • Schmitt-Grohe, S.1    Uribe, M.2
  • 71
    • 77957241272 scopus 로고    scopus 로고
    • An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area
    • Smets, Frank, and Raf Wouters. 2003. "An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area." Journal of the European Economic Association, 1(5): 1123-75.
    • (2003) Journal of the European Economic Association , vol.1 , Issue.5 , pp. 1123-1175
    • Smets, F.1    Wouters, R.2
  • 72
    • 0000837284 scopus 로고
    • How Should Long-Term Monetary Policy Be Determined? Panel Discussion
    • Summers, Lawrence. 1991. "How Should Long-Term Monetary Policy Be Determined? Panel Discussion." Journal of Money, Credit, and Banking, 23(3): 625-31.
    • (1991) Journal of Money, Credit, and Banking , vol.23 , Issue.3 , pp. 625-631
    • Summers, L.1
  • 73
    • 53349151621 scopus 로고    scopus 로고
    • Bold and Persistent Experimentation: Macroeconomic Policy during 1933
    • Unpublished
    • Sumner, Scott. 1996 "Bold and Persistent Experimentation: Macroeconomic Policy during 1933." Unpublished.
    • (1996)
    • Sumner, S.1
  • 74
    • 1842859778 scopus 로고    scopus 로고
    • News, Financial Markets, and the Collapse of the Gold Standard, 1931-32
    • Sumner, Scott. 1997. "News, Financial Markets, and the Collapse of the Gold Standard, 1931-32." Research in Economic History, 17: 39-89.
    • (1997) Research in Economic History , vol.17 , pp. 39-89
    • Sumner, S.1
  • 75
    • 53349097593 scopus 로고    scopus 로고
    • th Century, ed. Ross E. Catterall and Derek H. Aldcroft, 71-103. Ashgate Publishing Group.
    • th Century, ed. Ross E. Catterall and Derek H. Aldcroft, 71-103. Ashgate Publishing Group.
  • 76
    • 0041329931 scopus 로고    scopus 로고
    • Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
    • Svensson, Lars E. O. 2003. "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others." Journal of Economic Perspectives, 17(4): 145-66.
    • (2003) Journal of Economic Perspectives , vol.17 , Issue.4 , pp. 145-166
    • Svensson, L.E.O.1
  • 79
    • 0001471145 scopus 로고
    • Keynesian Models of Recession and Depression
    • Tobin, James. 1975. "Keynesian Models of Recession and Depression." American Economic Review, 65(2): 195-202.
    • (1975) American Economic Review , vol.65 , Issue.2 , pp. 195-202
    • Tobin, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.