My da|ra Login

Detailed view

metadata language: English

Replication data for: Was the New Deal Contractionary?

Version
1
Resource Type
Dataset
Creator
  • Eggertsson, Gauti B.
Publication Date
2012-02-01
Description
  • Abstract

    Can government policies that increase the monopoly power of firms and the militancy of unions increase output? This paper shows that the answer is yes under certain "emergency" conditions. These emergency conditions—zero interest rates and deflation—were satisfied during the Great Depression in the United States. The New Deal, which facilitated monopolies and union militancy, was therefore expansionary in the model presented. This conclusion is contrary to a large previous literature. The main reason for this divergence is that this paper incorporates rigid prices and the zero bound on the short-term interest rate. (JEL E23, E32, E52, E62, J51, N12, N42)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.102.1.524 (Text)
Publications
  • Eggertsson, Gauti B. “Was the New Deal Contractionary?” American Economic Review 102, no. 1 (February 2012): 524–55. https://doi.org/10.1257/aer.102.1.524.
    • ID: 10.1257/aer.102.1.524 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Eggertsson, Gauti B. (2012): Replication data for: Was the New Deal Contractionary?. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112501V1