Creator

• Fernández de Córdoba, Gonzalo, 1966-
• Kehoe, Timothy Jerome, 1953-

Series

• Staff report (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 421

Date created

• 2009-04-01

Abstract

• Studying the experience of countries that have experienced great depressions during the twentieth century teaches us that massive public interventions in the economy to maintain employment and investment during a financial crisis can, if they distort incentives enough, lead to a great depression.

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/sr.421

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

In Collection:

• Staff Reports

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