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Monetary policy played a pivotal role in the Great Depression Research Brief | 39th edition – March 2021
The root causes of the Great Depression from 1929 to 1933 have been researched extensively. In this context, economic historians view central bank policy as having played a pivotal role, something which empirical modelling often fails to confirm. A new study likewise examines this influence empirically, but more explicitly takes into account the functioning of the international monetary system at the time – the international gold standard.
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XML format (pursuant to Annexes Z 4, Z 8 and Z 10 to Z 15 to the Foreign Trade and Payments Regulation)
1 MB, PDF
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Banks’ trading after the Lehman crisis - The role of unconventional monetary policy Discussion paper 19/2017: Natalia Podlich, Isabel Schnabel, Johannes Tischer
392 KB, PDF
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The impact of digitalisation on labour productivity growth Article from the Monthly Report – March 2023
372 KB, PDF
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Optimal fiscal substitutes for the exchange rate in a monetary union Discussion paper 44/2016: Christoph Kaufmann
719 KB, PDF