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Can Great Depression Theories Explain the Great Recession?

The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries.
Schlenkhoff, Georg
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Real Business Cycle Theory and the Great Depression : The Abandonment of the Absentionist Viewpoint [PDF]

Is the Great Depression amenable to real business cycle theory ? In the 1970s and 1980s Lucas and Prescott took an abstentionist stance. They admitted that, because of its exceptional character, an explanation of the Great Depression was beyond the grasp
Luca, PENSIEROSO, Michel, DE VROEY
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Mental wellbeing of Norwegian farmers: what are the main facilitators and barriers? An exploratory study

Rural and Remote Health
Introduction: Farmers are among the occupational groups with the highest risk of mental illness. This exploratory study aimed to investigate how Norwegian farmers perceive different facilitators of and barriers to mental wellbeing in their everyday ...
Anette Dølen, Friedolin Steinhardt, Linda Røset   +2 more
doaj   +1 more source

What Ended the Great Depression? [PDF]

This paper examines the role of aggregate demand stimulus in ending the Great Depression. A simple calculation indicates that nearly all of the observed recovery of the U.S. economy prior to 1942 was due to monetary expansion.
Christina D. Romer
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Book reviews: Paul Krugman – The return of the depression economics and the crisis of 2008

, 2009
Book reviews: Paul Krugman – The return of the depression economics and the crisis of ...
UŢĂ, Cristian
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Not guilty? Agriculture in the 1920s and the Great Depression [PDF]

Agricultural distress in the 1920s is routinely quoted among the causes of the Great Depression. This paper challenges the conventional wisdom. World agriculture was not plagued by overproduction and falling terms of trade.
Giovanni Federico
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The Global Economic Crisis and the Global Accumulation of Capital

Contemporary Economics, 2010
The article presents a thesis that the current global economic crisis is the Second Great Depression, after the First Great Depression of the 30s. This is a global crisis of capital accumulation, which is caused by insufficient global demand.
Wojciech Błasiak
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Depression in the schistosomiasis japonica population based on the PHQ-9 scale: a cross-sectional survey from Jiangxi Province, China

Scientific Reports
Depression is the second leading-cause of disability in China. Although studies have shown that more than 80% of patients with advanced schistosomiasis (AS) suffer from anxiety and depression, these study groups are all hospitalized patients with AS and ...
Aizhen Hu, Dele Liu, Huiqun Xie, Xia Wu, Kexing Liu, Xuyun Zhang, Linlin Li, Xing Zhou, Fei Hu   +8 more
doaj   +1 more source

The Great Depression in Belgium: an Open-Economy Analysis [PDF]

This paper studies the Great Depression in Belgium within the open-economy dynamic general equilibrium approach. Results from the simulations show that a two-good model with total factor productivity shocks and nominal exchange rate shocks can account ...
Luca PENSIEROSO
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Harvard meets the crisis: U.S. fiscal policy in the 1930s and the political economy of Lauchlin B. Currie, Jacob Viner, John H. Williams and Harry D. White [PDF]

The paper aims to describe the contribution of four Harvard economists to the interpretation of the Great Depression and the policy decision making from 1933 to 1938. Lauchlin B. Currie, Jacob Viner, John H. Williams, Harry D.
Michele Alacevich, Pier Francesco Asso, Sebastiano Nerozzi   +2 more
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