Did Monetary Forces Cause the Great Depression
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Description
Contents (vii) Tables and Figures (ix) Preface (xi) I. Introduction (1) II. The Role of Assumptions and Econometrics in the Analysis of the Depression (13) The Money Hypothesis: Friedman and Schwartz (14) The Spending Hypothesis: Econometric Studies (31) Bank Failures in a Model of the Money Market (53) III. Precipitating Factors (62) The Spending Hypothesis: Housing and the Stock-Market Crash (62) The Money Hypothesis: The Banking Crisis of 1930 (83) IV. Why the Stock of Money Fell A Sketch of the Theory (96) Changes in Interest-Rate Differentials (103) The Fall in the Demand for Money (121) V. The Deepening Depression The Absence of Equilibrating Forces (138) International Interactions (145) Deflation (160) VI. Conclusions (169) Appendices on Data (179) 1. Data for Tables 8 and 9 (179) 2. Sources for Tables 19–21 (184) Bibliography (186) Index (195)
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