Books by Harold Cole and Lee Ohanian
The Great Depression in the United States from a Neoclassical Perspective
by Harold Cole and Lee Ohanian
Cole and Ohanian focus on some of these anti-market FDR policies. I think they’re right that these are mistakes, as are some of the tax increases. There was a tax increase under Hoover and then some under Roosevelt, trying to balance the budget, which was clearly a mistake in the context of the very high unemployment rate and the poor economy. But as to how much that mattered is much less clear. N.B. See also Harold Cole and Lee Ohanian, New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis.
Interviews where books by Harold Cole and Lee Ohanian were recommended
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1
A Monetary History of the United States, 1867-1960
by Anna Schwartz & Milton Friedman -
2
Macroeconomic Effects from Government Purchases and Taxes
by Robert Barro -
3
Identifying Government Spending Shocks
by Valerie Ramey -
4
Essays on the Great Depression
by Ben Bernanke -
5
The Great Depression in the United States from a Neoclassical Perspective
by Harold Cole and Lee Ohanian
The Lessons of the Great Depression, recommended by Robert Barro
The Lessons of the Great Depression, recommended by Robert Barro
Harvard macroeconomist Robert Barro takes issue with some common assumptions about the Great Depression, and how America got out of it.
