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Original Articles

Higher Member Bank Reserve Ratios in 1936 and 1937 Did Not Cause the Relapse into Depression

Pages 205-216 | Published online: 03 Nov 2015

References

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  • Bernanke, B. S. “Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression.” American Economic Review, June 1983, 73, 257–276.
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  • Cecchetti, S. G. “The Case of the Negative Nominal Interest Rate: New Estimates of the Term Structure of Interest Rates During the Great Depression.” Journal of Political Economy, December 1988, 96, 111–141.
  • Firestone, J. M. Federal Receipts and Expenditures During Business Cycles: 1879–1958. Princeton: Princeton University Press, 1960.
  • Friedman, M., and Schwartz, A. J. A Monetary History of the United States 1867–1960. Princeton: National Bureau of Economic Research, 1963.
  • Himmelberg, R. F. The Origins of the National Recovery Administration. New York: Fordham University Press, 1993.
  • Historical Statistics of the United States. Washington, DC: U.S. Government Printing Office, 1975.
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  • Telser, L. G. “The Veterans’ Bonus of 1936 and the Abortive Recovery from the Great Depression.” Working Paper No. 165, George J. Stigler Center for the Study of the Economy and the State. University of Chicago, 2001.

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