Lucrezia Reichlin, Domenico Giannone, Michele Lenza, Huw Pill, 23 November 2010

Did monetary policy errors cause the economic collapse of the early 1930s? What lessons have monetary policymakers and central banks taken from this episode? Discussion Paper 8125 sets out to address these questions, in the context of the financial crisis of 2008-09 and with application to the euro area.

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CEPR Policy Research