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Essays on the Great Depression. By comparing and contrasting the economic strategies and statistics of the world's nations as they struggled to survive economically, the fundamental lessons of macroeconomics stand out in bold relief against a background of immense human suffering. The essays in this volume present a uniquely coherent view of Read more...
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Nov 8, 2002 · Bernanke, Ben, "Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression," American Economic Review, 1983, 257-76. Bernanke, Ben, "The Macroeconomics of the Great Depression: A Comparative Approach," Journal of Money, Credit, and Banking, 1995, 1-28. Bernanke, Ben, and Read more...
Ben Bernanke PhD ’79 awarded a share of the Nobel Prize in
Oct 10, 2022 · The Royal Swedish Academy of Sciences cited Bernanke’s work showing how, during the Great Depression of the 1930s, bank runs exacerbated the crisis by limiting the banking sector’s capacity to act. After many banks collapsed, the Nobel citation states, “valuable information about borrowers was lost and could not be recreated quickly. Read more...
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Jan 25, 2004 · Bernanke shows that countries that dropped gold sooner (Great Britain in 1931) rather than later (France in 1936) recovered more quickly. A fatal flaw in the operation of the gold standard was that countries had no incentive to keep their gold balances from accumulating too high. By 1932, France controlled 32% of the world’s gold, the United Read more...
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Ben Bernanke PhD ’79 awarded a share of the Nobel Prize in
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Essays on the Great Depression | Princeton University Press
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Remarks by Governor Ben S. Bernanke - Federal Reserve Board
Author (s) Praise 12. As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded Read more...
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