Book Reviews

2013 ◽  
Vol 51 (1) ◽  
pp. 201-202
Keyword(s):  
Exchange Rate ◽  
Trade Policy ◽  
Great Depression ◽  
Dartmouth College ◽  
Policy Response ◽  
Trade Restrictions ◽  
The Great Depression ◽  
Rate Adjustment

Simon J. Evenett of University of St. Gallen reviews, “Trade Policy Disaster: Lessons from the 1930s” by Douglas A. Irwin. The EconLit abstract of this book begins: “Examines the trade policy disaster of the 1930s and considers the logic behind the policy response. Discusses the Great Depression and the rise of protectionism; resolving the trilemma—protection or depreciation; and trade restrictions and exchange rate adjustment—choice and consequences. Irwin is Professor of Economics at Dartmouth College. Index.”

scholarly journals The Slide to Protectionism in the Great Depression: Who Succumbed and Why?

2010 ◽  
Vol 70 (4) ◽  
pp. 871-897 ◽  
Author(s):  
Barry Eichengreen ◽  
Douglas A. Irwin
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Trade Policy ◽  
Great Depression ◽  
Gold Standard ◽  
Trade Policies ◽  
Trade Barriers ◽  
The Great Depression ◽  
Cross Country ◽  
Import Quotas

The Great Depression was marked by a severe outbreak of protectionist trade policies. But contrary to the presumption that all countries scrambled to raise trade barriers, there was substantial cross-country variation in the movement to protectionism. Specifically, countries that remained on the gold standard resorted to tariffs, import quotas, and exchange controls to a greater extent than countries that went off gold. Just as the gold standard constraint on monetary policy is critical to understanding macroeconomic developments in this period, exchange rate policies help explain changes in trade policy.

Book Reviews

2011 ◽  
Vol 49 (4) ◽  
pp. 1297-1299
Keyword(s):  
Great Depression ◽  
Domestic Politics ◽  
Economic Consequences ◽  
Dartmouth College ◽  
Arts And Sciences ◽  
The Great Depression ◽  
Vanderbilt University

Mario J. Crucini of Vanderbilt University reviews “Peddling Protectionism: Smoot-Hawley and the Great Depression” by Douglas A. Irwin. The EconLit abstract of the reviewed work begins, “Examines the Smoot-Hawley tariff of 1930 and its consequences. Discusses domestic politics; economic consequences; and foreign retaliation. Irwin is Robert E. Maxwell '23 Professor of Arts and Sciences in the Department of Economics at Dartmouth College. Index.”

scholarly journals The COVID-19 Crisis and the Federal Reserve's Policy Response

2021 ◽  
Vol 2021 (034) ◽  
pp. 1-23
Author(s):  
Richard H. Clarida ◽  
◽  
Burcu Duygan-Bump ◽  
Chiara Scotti ◽  
◽  
...  
Keyword(s):  
Great Depression ◽  
Federal Reserve ◽  
Economic Recovery ◽  
Policy Response ◽  
The Great Depression ◽  
The U.S

The COVID-19 pandemic and the mitigation efforts put in place to contain it delivered the most severe blow to the U.S. economy since the Great Depression. In this paper, we argue that the Federal Reserve acted decisively and with dispatch to deploy all the tools in its conventional kit and to design, develop, and launch within weeks a series of innovative facilities to support the flow of credit to households and businesses. These measures, taken together, provided crucial support to the economy in 2020 and are continuing to contribute to what is expected to be a robust economic recovery in 2021.

Self-enforcing trade policy and exchange rate adjustment

2021 ◽  
pp. 103552
Author(s):  
Stéphane Auray ◽  
Michael B. Devereux ◽  
Aurélien Eyquem
Keyword(s):  
Exchange Rate ◽  
Trade Policy ◽  
Rate Adjustment
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