Econ113Lect11F - Why is getting off the gold standard so...

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ECON 113: AMERICAN ECONOMIC HISTORY Lecture 11
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Agenda Announcements: Office Hours this Friday at 3:30pm in 608-6 Evans Office after class today will end at 5:40pm Return of Homework #5 after class today (for those who turned it in) For next class: Review Goldin & Margo; Goldin & Katz; Cutler, Glaeser & Vigdor; Massey and Denton Review of the Great Depression Review of final exam questions on Great Depression
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Exam Question: Part II, #1 The length of the post-1929 economic slump differed enormously across countries. But there was no mystery about the responses needed to bring the slump to an end and initiate recovery. What explains the difference in national responses? Document your answer by making reference to specific national cases.
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How to answer What was necessary to bring the slump to an end? According to Eichengreen: Getting off of the gold standard
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Unformatted text preview: Why is getting off the gold standard so important? Describe the classical Gold Standard define credibility and cooperation Describe the interwar Gold Standard Describe the Gold Standard during the Great Depression How do the national responses differ? National response of Britain, France, the U.S? Exam Question: Part II, #2 Romer (1990) links the Great Crash of 1929 (and subsequent stock market volatility) to real output during the Great Depression. What does she argue about this link? What evidence does she provide to substantiate her arguments, and what methods does she employ? How to answer Explain the link Explain the Uncertainty Hypothesis Explain the hypothesis with regard to the consumers decision What are her methods? Quantitative Evidence - Data/Econometrics Qualitative Evidence Comments/Criticisms?...
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Econ113Lect11F - Why is getting off the gold standard so...

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