A blog on all things to do with economics and related subjects
Saturday, 1 May 2010
US monetary and fiscal policy in the 1930s – and now
In this audio from VoxEU.org Price Fishback of the University of Arizona talks to Romesh Vaitilingam about whether the current US economic situation is really comparable to the Great Depression. He argues that today’s monetary policy response is heavily and positively influenced by the failures of the past – but that today’s fiscal stimulus is far stronger than in the 1930s and out of proportion to the problem.