| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1933 |
| DP1933 Will Trade Liberalization Harm the Environment? The Case of Indonesia 2020 | |
| Kym Anderson; Anna Strutt | |
| 发表日期 | 1998-07-31 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | This paper studies the role of unemployment in sterling?s inter-war experience. According to most narrative accounts, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British governments to pursue reflationary policies. We present a model which, in the spirit of the ?second generation? approach to currency crises, highlights the conflict between the objective of low unemployment and defence of the currency and show that it can reproduce the main features of sterling?s inter-war experience. Econometric evidence lends further support to the view that the proximate cause of the sterling crisis was the dramatic rise in unemployment caused by external deflationary forces. |
| 主题 | International Macroeconomics |
| 关键词 | Currency crisis Gold standard Great depression Sterling Unemployment |
| URL | https://cepr.org/publications/dp1933 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531066 |
| 推荐引用方式 GB/T 7714 | Kym Anderson,Anna Strutt. DP1933 Will Trade Liberalization Harm the Environment? The Case of Indonesia 2020. 1998. |
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