| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16269 |
| 来源ID | Working Paper 16269 |
| International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons | |
| Richard S. Grossman; Christopher M. Meissner | |
| 发表日期 | 2010-08-23 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We focus on two international aspects of the Great Depression--financial crises and international trade-- and try to discern lessons for the current economic crisis. Both downturns featured global banking crises which were generated by boom-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly synchronized across countries. In the Depression, income losses and rises in trade barriers explain trade's collapse. Due to vertical specialization and more intense trade in durables, today's trade collapse is due to uncertainty and small shocks to trade costs hitting international supply chains. So far, the global economy has avoided the global trade wars and banking collapses of the Depression perhaps due to improved policy. Even so, the global economy remains susceptible to large shocks due to financial innovation and technological change as recent events illustrate. |
| 主题 | Macroeconomics ; Monetary Policy ; International Economics ; Trade ; International Macroeconomics ; History ; Macroeconomic History ; Other History |
| URL | https://www.nber.org/papers/w16269 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573975 |
| 推荐引用方式 GB/T 7714 | Richard S. Grossman,Christopher M. Meissner. International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16269.pdf（322KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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