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A Tale of Two Depressions: June 2009 Update
By Barry Eichengreen* and Kevin H. O’Rourke*
June 30, 2009

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New Figure 6. Industrial output, four Non-Europeans, then and now.

Non European

 

New Figure 7: Industrial output, four small Europeans, then and now.


References

Eichengreen, B. and K.H. O’Rourke. 2009. “A Tale of Two Depressions.” In progress.

Bernanke, B.S. 2000. Bernanke, B.S. and I. Mihov. 2000. “Deflation and Monetary Contraction in the Great Depression: An Analysis by Simple Ratios.” In B.S. Bernanke, Essays on the Great Depression. Princeton: Princeton University Press.

Bordo, M.D., B. Eichengreen, D. Klingebiel and M.S. Martinez-Peria. 2001. “Is the Crisis Problem Growing More Severe?” Economic Policy32: 51-82.

Paul Krugman, “The Great Recession versus the Great Depression,” Conscience of a Liberal (20 March 2009).

Doug Short, “Four Bad Bears,” DShort: Financial Lifecycle Planning” (20 March 2009).

This article first appeared on www.VoxEU.org. Reproduced with permission.

* Barry Eichengreen is a Professor of Economics and Political Science at the University of California, Berkeley; and formerly Senior Policy Advisor at the International Monetary Fund. CEPR Research Fellow.

* Kevin H. O’Rourke is a Professor of Economics at Trinity College Dublin and CEPR Research Fellow

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