Great Depression (mechanisms)

Lee E. Ohanian
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

This article summarizes the theoretical framework and the diagnostic procedures that economists use to construct and test theories of depressions and booms, and also summarizes recent applications of these procedures to well-known depressions.
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How to cite this article

Ohanian, Lee E. "Great Depression (mechanisms)." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 26 April 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_G000200> doi:10.1057/9780230226203.0672

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