For nearly three decades to 2007, the theory and practice of central banking have seen a remarkable convergence throughout the world. Yet the events of the recent years have marked a profound watershed.
What future for central banking? Insights from the past
Stefano Ugolini, 11 December 2011
Herbert Hoover and the start of the Great Depression
Lee E. Ohanian, 19 October 2009
Our current crisis continues to draw parallels to the Great Depression (Eichengreen and O’Rourke 2009) and has refocused attention on the 1930s. Several features of the US Depression, particularly its early phases, represent challenges to economic theory.
Taking the money out of monetary policy
Michael Woodford, 26 March 2007
Should money supply play a role in monetary policy-making?
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Do entrepreneurs matter?Becker, Hvide
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013