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The cost of disinflation and the European Monetary System
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Year: 1989 Publisher: Leuven: KUL. Centrum voor economische studiën,

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Prices during the Great Depression : Was the Deflation of 1930-32 really unanticipated?
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Year: 1989 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Several explanations for the depth of the Great Depression presume that the -30% deflation of 1930-32 was unanticipated. For example, the debt-deflation hypothesis originally put forth by Irving Fisher is based on the notion that unanticipated deflation increases the burden of nominal debt, adversely affecting the banking system and the aggregate economy. Other theories imply on ex ante real interest rates being low during the period, and so it is essential that the deflation was unanticipated. This paper measures inflationary expectations from data on prices, interest rates and money growth in order to investigate whether the deflation could have been anticipated. Current econometric techniques are used to compute expectations implied both by the univariate time series properties of the price level, and by the information contained in nominal interest rates. The major conclusion is that price changes were substantially serially correlated, and so once the deflation began, people expected it to continue. This implies both that the deflation was anticipated, and that real interest rates were very high during the initial phases of the Great Depression. These results call into question the validity of theories that rely on contemporary agents' belief in reflation during the early 1930s, and provide further support for the proposition that monetary contraction was the driving force behind the economic decline.


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Finance & Development, June 1989.
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ISBN: 1463976402 1463952791 1451952449 Year: 1989 Publisher: Washington, D.C. : International Monetary Fund,

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For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Fiscal Policy, Stabilization, and Growth in Developing Countries
Authors: ---
ISBN: 9781455222445 1455222445 1557750343 9781557750341 1462378498 1455298190 1283534878 9786613847324 Year: 1989 Publisher: Washington, D.C. : International Monetary Fund,

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Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries. It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department.


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World Economic Outlook, April 1989.
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ISBN: 1462389481 1455297046 1451944888 Year: 1989 Publisher: Washington, D.C. : International Monetary Fund,

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This paper highlights that the world economic condition improved significantly during 1988. In industrial countries, output growth strengthened markedly in an environment of moderate inflation. World trade expanded at its fastest rate since 1984, which had important spillover effects on many developing countries, particularly the exporters of manufactures; significant progress was made in reducing external imbalances among the major industrial countries; and the aggregate debt-to-exports ratio of developing countries was reduced. At the same time, several aspects of the current situation continue to demand the attention of policymakers.


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World Economic Outlook, October 1989.
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ISBN: 1462309771 1455263753 1451944438 Year: 1989 Publisher: Washington, D.C. : International Monetary Fund,

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This paper highlights that after two years of rapid growth in 1987 and 1988, there are now signs that the economic expansion in industrial countries is moderating to more sustainable rates. Inflation pressures have built up over 1988, reflecting high levels of resource utilization as well as certain temporary factors, but monetary conditions have been tightened substantially. Although the risk of a dangerous acceleration of inflation still exists, it appears to have diminished somewhat. Growth has also been strong in many developing countries, particularly exporters of manufactures.

The Rise and Fall of the New Deal Order, 1930-1980
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ISBN: 0691047618 0691216258 Year: 1989 Publisher: Princeton, N.J. : Baltimore, Md. : Princeton University Press, Project MUSE,

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The description for this book, The Rise and Fall of the New Deal Order, 1930-1980, will be forthcoming.

Keywords

History of North America --- Internal politics --- anno 1900-1999 --- United States --- Politieke ontwikkeling. --- Economische politiek. --- New Deal. --- Politics and government. --- New Deal, 1933-1939. --- New Deal, 1933-1939 --- United States. --- États-Unis --- ABŞ --- ABSh --- Ameerika Ühendriigid --- America (Republic) --- Amerika Birlăshmish Shtatlary --- Amerika Birlăşmi Ştatları --- Amerika Birlăşmiş Ştatları --- Amerika ka Kelenyalen Jamanaw --- Amerika Qūrama Shtattary --- Amerika Qŭshma Shtatlari --- Amerika Qushma Shtattary --- Amerika (Republic) --- Amerikai Egyesült Államok --- Amerikanʹ Veĭtʹsėndi︠a︡vks Shtattnė --- Amerikări Pĕrleshu̇llĕ Shtatsem --- Amerikas Forenede Stater --- Amerikayi Miatsʻyal Nahangner --- Ameriketako Estatu Batuak --- Amirika Carékat --- AQSh --- Ar. ha-B. --- Arhab --- Artsot ha-Berit --- Artzois Ha'bris --- Bí-kok --- Ē.P.A. --- EE.UU. --- Egyesült Államok --- ĒPA --- Estados Unidos --- Estados Unidos da América do Norte --- Estados Unidos de América --- Estaos Xuníos --- Estaos Xuníos d'América --- Estatos Unitos --- Estatos Unitos d'America --- Estats Units d'Amèrica --- Ètats-Unis d'Amèrica --- États-Unis d'Amérique --- Fareyniḳṭe Shṭaṭn --- Feriene Steaten --- Feriene Steaten fan Amearika --- Forente stater --- FS --- Hēnomenai Politeiai Amerikēs --- Hēnōmenes Politeies tēs Amerikēs --- Hiwsisayin Amerikayi Miatsʻeal Tērutʻiwnkʻ --- Istadus Unidus --- Jungtinės Amerikos valstybės --- Mei guo --- Mei-kuo --- Meiguo --- Mî-koet --- Miatsʻyal Nahangner --- Miguk --- Na Stàitean Aonaichte --- NSA --- S.U.A. --- SAD --- Saharat ʻAmērikā --- SASht --- Severo-Amerikanskie Shtaty --- Severo-Amerikanskie Soedinennye Shtaty --- Si︠e︡vero-Amerikanskīe Soedinennye Shtaty --- Sjedinjene Američke Države --- Soedinennye Shtaty Ameriki --- Soedinennye Shtaty Severnoĭ Ameriki --- Soedinennye Shtaty Si︠e︡vernoĭ Ameriki --- Spojené obce severoamerické --- Spojené staty americké --- SShA --- Stadoù-Unanet Amerika --- Stáit Aontaithe Mheiriceá --- Stany Zjednoczone --- Stati Uniti --- Stati Uniti d'America --- Stâts Unîts --- Stâts Unîts di Americhe --- Steatyn Unnaneysit --- Steatyn Unnaneysit America --- SUA (Stati Uniti d'America) --- Sŭedineni amerikanski shtati --- Sŭedinenite shtati --- Tetã peteĩ reko Amérikagua --- U.S. --- U.S.A. --- United States of America --- Unol Daleithiau --- Unol Daleithiau America --- Unuiĝintaj Ŝtatoj de Ameriko --- US --- USA --- Usono --- Vaeinigte Staatn --- Vaeinigte Staatn vo Amerika --- Vereinigte Staaten --- Vereinigte Staaten von Amerika --- Verenigde State van Amerika --- Verenigde Staten --- VS --- VSA --- Wááshindoon Bikéyah Ałhidadiidzooígíí --- Wilāyāt al-Muttaḥidah --- Wilāyāt al-Muttaḥidah al-Amirīkīyah --- Wilāyāt al-Muttaḥidah al-Amrīkīyah --- Yhdysvallat --- Yunaeted Stet --- Yunaeted Stet blong Amerika --- ZDA --- Združene države Amerike --- Zʹi︠e︡dnani Derz︠h︡avy Ameryky --- Zjadnośone staty Ameriki --- Zluchanyi︠a︡ Shtaty Ameryki --- Zlucheni Derz︠h︡avy --- ZSA --- Η.Π.Α. --- Ηνωμένες Πολιτείες της Αμερικής --- Америка (Republic) --- Американь Вейтьсэндявкс Штаттнэ --- Америкӑри Пӗрлешӳллӗ Штатсем --- САЩ --- Съединените щати --- Злучаныя Штаты Амерыкі --- ولايات المتحدة --- ولايات المتّحدة الأمريكيّة --- ولايات المتحدة الامريكية --- 미국 --- Politique et gouvernement --- Politics and government --- American Plan. --- Beat generation. --- Brandeis, Louis D. --- Carter, Jimmy. --- Corcoran, Thomas. --- Demogrants. --- Eccles, Marriner. --- Equal Rights Amendment. --- Fair Deal. --- Frankfurter, Felix. --- General Electric. --- Hansen, Alvin. --- Hillman, Sidney. --- Ickes, Harold. --- Jackson, Robert. --- Liberty League. --- McCarthyism. --- McNamara, Robert. --- Murray, Philip. --- Nixon, Richard M. --- Operation Dixie. --- Reuther, Walter. --- associational economy. --- baby boom. --- building materials industry. --- civil rights movement. --- collective bargaining. --- deflation. --- gold standard. --- petroleum industry. --- populism. --- É.-U. --- ÉU --- Economic history --- Economic policy --- Social conditions --- Amerikanʹ Veĭtʹsėndi͡avks Shtattnė --- Si͡evero-Amerikanskīe Soedinennye Shtaty --- Soedinennye Shtaty Si͡evernoĭ Ameriki --- SUA --- Zʹi͡ednani Derz͡havy Ameryky --- Zluchanyi͡a Shtaty Ameryki --- Zlucheni Derz͡havy --- Amerik --- Америк --- Amerikiĭn Nėgdsėn Uls --- Америкийн Нэгдсэн Улс --- ANU --- АНУ --- Северо-Американские Штаты --- Северо-Американские Соединенные Штаты --- Сѣверо-Американскіе Соединенные Штаты --- Соединенные Штаты Америки --- Соединенные Штаты Северной Америки --- Соединенные Штаты Сѣверной Америки --- США --- ЗДА --- Зьєднані Держави Америки

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