NBER Working Paper No. 1054Issued in 1983NBER Program(s):

The two researchers studied how people in specific countries resolve dilemmas, and based on an examination of thousands of respondents in over 100 countries, …

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Document Object Identifier (DOI): 10.3386/w1054

This paper examines the effects of the financial crisis of the 1930s onthe path of aggregate output during that period. Our approach is complementary to that of Friedman and Schwartz, who emphasized the monetary impact of the bank failures; we focus on non-monetary (primarily credit-related) aspects of the financial sector--output link and consider the problems of debtors as well as those of the banking system. We argue that the financial disruptions of 1930-33 reduced the efficiency of the credit allocation process; and that the resulting higher cost and reduced availability of credit acted to depress aggregate demand. Evidence suggests that effects of this type can help explain the unusual length and depth of the Great Depression.

Efficiency is defined as producing with a minimum …

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This includes absences that occur for any reason, whether involuntary or voluntary.
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The portion of worldwide foreign …

Although a typical definition would suggest the fundamental notion involved is one of responsibility to someone, or for some action (and both elements could be present simultaneously, of course), there is the added dimension of the need to actually render …

A typical APA will specify the covered transaction, the agreed transfer price, and an effective …

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The topics covered include: public education, public policy, economic development, law & justice, arts community, health and human services and a county tour. Skills covered include: consensus and coalition building, inclusion, negotiation, collaboration and team building, trusteeship, visioning, conflict mediation and resolution, facilitation, personal evaluation, and problem solving and decision making.

Aegon is a Netherlands based company that was incorporated in 1983 and now employs …

The Problem of Fractional Reserve Banking, Part 1

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