The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Great Depression (Mechanisms)

  • Lee E. Ohanian
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2394

Abstract

This article summarizes the theoretical framework and the diagnostic procedures that economists use to construct and test theories of depressions and booms, and also summarizes recent applications of these procedures to well-known depressions.

Keywords

Balanced growth Banking crises Euler equations Great Depression Growth models Optimal growth theory Real business cycles 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Lee E. Ohanian
    • 1
  1. 1.