Re: Bernanke and Sachs/Eichengreen Critiques

Caley McKibbin — Mon, 29 Nov 2010 21:23:17 GMT

1. High deflation due to bank closure.

2. (a) They think it has a history of not being aggressive enough in steering the economy with monetary policy. (b) Absolutely. They could prevented it by resigning. Of course, you won't get an A for this.

Bernanke and Sachs/Eichengreen Critiques

Justin D — Mon, 29 Nov 2010 02:35:40 GMT

Anybody have any critiques on these two well known essays? Or have looked at them? -

Ben Bernanke, "The Macroeconomics of the Great Depression: A Comparative

Approach," Journal of Money, Credit, and Banking (1995): 1‐28.

Barry Eichengreen and Jeffrey Sachs, “xchange Rates and Economic

Recovery in the 1930s,”Journal of Economic History (1985):925‐946.

My assignement is to answer these 2 questions.

1. What causes do Bernanke and Eichengreen and Sachs believe caused the severity

of the Great Depression?

2. What are their views on the Federal Reserve? Do you believe the Federal Reserve

could have prevented the increased downturn from 1930 to 1932?

Thanks guys. Got an A on my last paper with help from you guys

Economics Questions

Re: Bernanke and Sachs/Eichengreen Critiques

Bernanke and Sachs/Eichengreen Critiques