000			01271nam a22001577a 4500
999			_c525533 _d525533
008			240320b ||||| |||| 00| 0 eng d
100			_aEllision, M., Lee, S.S. and O’Rourke, K.H. _950689
245			_aThe ends of 27 big depressions
260			_aThe American Economic Review
300			_a114(1), Jan, 2024: p.134-168
520			_aHow did countries recover from the Great Depression? In this paper, we explore the argument that leaving the gold standard helped by boosting inflationary expectations, lowering real interest rates, and stimulating interest-sensitive expenditures. We do so for a sample of 27 countries, using modern nowcasting methods and a new dataset containing more than 230,000 monthly and quarterly observations for over 1,500 variables. In those cases where the departure from gold happened on well-defined dates, inflationary expectations clearly rose in the wake of departure. Instrumental variable, difference-in-difference, and synthetic matching techniques suggest that the relationship is causal.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20221479
650			_aDepression treatment , Health, Mental depression _950690
773			_aThe American Economic Review
906			_aHEALTH SERVICES
942			_cAR