Trade, Exchange Rate Regimes and Output Co-Movement: Evidence from the Great Depression
---- Acknowledgements ----
Our thanks to Paul Bergin, Chris Hanes, Oscar Jordà, John Landon-Lane, Kris James Mitchener, Suresh Naidu, Gary Richardson, Alan M. Taylor, and other seminar and conference participants at the All UC Group in Economic History conference and UC Davis for helpful comments and suggestions. Jan Tore Klovland, David Jacks, Jakob Madsen, and Dennis Novy shared data with us. Errors remain the sole responsibility of the authors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.